India's Forex Reserves Jump $2.35 Billion To $596 Billion
NDTV
The overall forex reserves had dropped by $1.318 billion to $593.749 billion in the previous reporting week.
India's forex reserves increased by $2.35 billion to $596.098 billion for the week ended June 16, the Reserve Bank said on Friday.
The overall reserves had dropped by $1.318 billion to $593.749 billion in the previous reporting week.
It can be noted that in October 2021, the country's forex kitty had reached an all-time high of $645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.
For the week ended June 16, the foreign currency assets, a major component of the reserves, increased by $2.578 billion to $527.651 billion, according to the Weekly Statistical Supplement released by the RBI on Friday.
