In the previous reporting week, the overall reserves rose by $6.306 billion to $584.755 billion
Appreciation in the value of rupee against the US dollar on the back of softening crude oil prices in the international markets has led to a jump in forex kitty in recent weeks. The forex reserves had soared by $6.30 billion in the previous week.
The foreign currency assets, the biggest component of the forex reserves, jumped by $2.20 billion to $516.63 billion during the week ended April 14, as per the weekly statistical supplement released by the RBI on Friday.
The foreign currency assets had increased by $4.74 billion in the week ended April 7. Expressed in the US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US currencies like the pound, euro and yen held in the forex reserves.
The value of gold reserves dipped by $521 million to $46.17 billion during the week under review. The value of gold reserves in India’s forex kitty had jumped by $1.49 billion in the previous week. This is largely due to a sharp fluctuation in gold prices in recent weeks.
During the week ended April 14, the Special Drawing Rights (SDRs) declined by $38 million to $18.41 billion, while India’s reserve position with the International Monetary Fund (IMF) increased by $12 million to $5.19 billion.
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2023-04-21 18:56:00Z
CBMif2h0dHBzOi8vd3d3LmRlY2NhbmhlcmFsZC5jb20vYnVzaW5lc3MvZWNvbm9teS1idXNpbmVzcy9mb3JleC1yZXNlcnZlcy1yaXNlLWJ5LTE2NS1iaWxsaW9uLXZhbHVlLW9mLWdvbGQta2l0dHktZG93bi0xMjExNzY0Lmh0bWzSAYMBaHR0cHM6Ly93d3cuZGVjY2FuaGVyYWxkLmNvbS9hbXAvYnVzaW5lc3MvZWNvbm9teS1idXNpbmVzcy9mb3JleC1yZXNlcnZlcy1yaXNlLWJ5LTE2NS1iaWxsaW9uLXZhbHVlLW9mLWdvbGQta2l0dHktZG93bi0xMjExNzY0Lmh0bWw
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