Mumbai: India’s foreign exchange reserves surged by $223 million to a new high of $689.46 billion in the week ending September 13, 2024. India’s forex kitty has risen to new record highs for the past 3 weeks, according to the RBI’s weekly statistical supplement.
Foreign currency assets were down by $515 million to $603.63 billion during the period under consideration, while gold reserves rose by $899 million to $62.89 billion during the same period. SDRs were down bu $53 million to $18.42 billion in the week ending September 13, 2024, while reserve position with the IMF slipped $108 million to $4.52 billion.
Since the end of March forex reserves have risen by $43.03 billion with FCAs up $32.68 billion, gold reserves rising $10.21 billion and SDRs up $287 million. Reserve position with the IMF has slipped by $139 million since March 2024, according to RBI data. On a year-on-year basis, India’s forex reserves have risen by $96.42 billion while FCAs rose by $77.71 billion. Gold reserves have risen by $18.89 billion on a year-on-year basis, according to RBI data.
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India’s forex reserves jumped by $223 million to a new record high of $689.46 billion, according to RBI’s weekly statistical supplement. Economy Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
