Forex reserves rise to $595.051 billion
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ending June 30.
Foreign currency assets (FCAs) also rose by $2.5 billion to $528 billion, according to the weekly statistical supplement released by the RBI on Friday.
Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
During the previous week, the forex reserves had fallen by $2.901 billion to $593.198 billion. The forex reserves had reached an all-time high in October 2021 at $645 billion.
