India’s foreign exchange reserves jumped by USD 2.299 billion to a brand new excessive of USD 683.987 billion for the week ended on August 30, in accordance with the RBI knowledge launch on Friday.
Within the earlier reporting week, the foreign exchange reserves had jumped by USD 7.023 billion to a excessive of USD 681.688 billion.
For the week ended August 30, overseas foreign money property, a significant part of the reserves, elevated by USD 1.485 billion to USD 599.037 billion, the information confirmed.
Expressed in greenback phrases, the overseas foreign money property embrace the impact of appreciation or depreciation of non-US models just like the euro, pound and yen held within the overseas trade reserves.
Gold reserves elevated by USD 862 million to USD 61.859 billion through the week. The Particular Drawing Rights (SDRs) had been up by USD 9 million to USD 18.468 billion.
India’s reserve place with the IMF was down by USD 58 million to USD 4.622 billion within the reporting week, the apex financial institution knowledge confirmed.