India's Forex Reserves exchange reserves reach new highest level, know how much has increased

India's Forex Reserves: India's foreign exchange reserves have increased to $642.631 billion in the week ending March 29. This is the highest level ever.

Fri, 05 Apr 2024 11:51 PM (IST)
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India's Forex Reserves exchange reserves reach new highest level, know how much has increased

In the last week, India's foreign exchange reserves have increased by US $ 2.951 billion to US $ 645.583 billion. The Reserve Bank of India (RBI) has given this information by releasing the latest data regarding foreign exchange reserves. According to these figures, there has been a significant increase in India's foreign exchange reserves for the sixth consecutive week. RBI has said that this increase has been recorded in the week ending March 29. Now foreign exchange reserves have reached their all-time high.

India's foreign exchange reserves increased by US$ 140 million to US$ 642.631 billion earlier in the last reporting week. The Reserve Bank of India released this information on Friday. Before this, 2021 had the highest level of foreign exchange reserves. The foreign exchange reserves had increased to US $642,453 billion during that time.

Foreign exchange assets rose by US $ 2.354 billion to US $ 570.618 billion in the week ending March 29, according to data released on Friday. Additionally, the Reserve Bank of India has reported that this week's gold reserves increased by US $673 million. Afterwards, it is currently worth 52.16 billion US dollars. The Special Drawing Rights (SDR) have dropped to US$18.145 billion at the same time, a decrease of US$ 73 million.

Muskan Kumawat Journalist & Writer