Forex Reserve Data: India's foreign exchange reserves increased by 2 billion US dollars till December 8
Forex Reserve Data: The Reserve Bank of India (RBI) has released a report on India's foreign exchange reserves for the week ending December 8, 2023. According to this report, the country's foreign exchange reserves increased by US $ 2.816 billion to US $ 606.859 billion by December 8, 2023. According to last week's reporting, it increased by US $ 6.107 billion to US $ 604.042 billion.
RBI releases foreign exchange reserves figures every week. India's foreign exchange reserves increased by US $ 2.816 billion to US $ 606.859 billion in the week ending December 8, 2023, the Reserve Bank of India said. At the same time, in the last reporting week, total reserves had increased by US $ 6.107 billion to US $ 604.042 billion.
Let us tell you that in October 2021, the country's foreign exchange reserves had reached an all-time high of US $ 645 billion. The central bank deployed capital reserves to protect the rupee amid pressure from global growth since last year. Its effect has been seen on foreign reserves.
According to the data released by RBI, foreign exchange assets increased by US$ 3.089 billion to US$ 536.699 billion for the week ended December 8. Foreign currency assets include the appreciation of non-US units such as the euro, pound, and yen held in foreign exchange reserves.
RBI said gold reserves declined by US $ 199 million to US $ 47.13 billion during the week. The Special Drawing Rights of the Reserve Bank of India declined by US$63 million to US$18.188 billion. India's reserve position with the IMF declined by US$11 million to US$4.842 billion in the week under review, RBI data showed.
