Foreign exchange reserves increased by $591 million to $616.7 billion.


New Delhi. The country’s foreign exchange reserves have increased by 591 million dollars to reach 616.733 billion dollars in the week ending January 26. Due to this, the total foreign exchange reserves declined by $ 2.795 billion last week to $ 616.143 billion.

The Reserve Bank of India said on Friday that the country’s foreign exchange reserves increased by $ 591 million to $ 616.733 billion in the week ending January 26. Due to this, the total foreign exchange reserves had fallen by $ 2.795 billion to $ 616.143 billion last week. During this period, foreign currency assets, considered an important component of the currency reserves, increased by $ 289 million to $ 546.144 billion.

In the week ending January 26, the value of gold reserves also increased by $ 269 million to $ 47.481 billion. Special Drawing Rights (SDR) increased by $ 27 million to reach $ 18.248 billion. Apart from this, India’s reserve deposits with the International Monetary Fund have increased by 6 million dollars to 4.86 billion dollars. It is noteworthy that the country’s foreign exchange reserves had increased to an all-time high of $ 645 billion in October 2021.

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