new Delhi. There is a steady increase in the foreign exchange reserves of India. Especially in the Coronavirus Era, this increase is very important in India. reserve Bank ( reserve bank of india ) According to the data, Forex Reserve of India has seen an increase for the third consecutive week. Because of which India has set a new record. Let me tell you that on June 05, India’s forex reserve had crossed 500 billion dollars. Let us also tell you at what level India’s forex reserve has reached.
Foreign exchange reserves at record levels
The country’s foreign exchange reserves rose by $ 3.11 billion to a new record level of $ 516.36 billion for the week ended July 10. The country’s reserves of foreign exchange have increased for the third consecutive week. Earlier, in the week ended July 03, it increased by $ 6.42 billion to $ 513.25 billion. Let me tell you that in the week ending June 5, India’s foreign exchange reserves reached $ 500 billion for the first time. The figures of which were released by the Reserve Bank on 12 June.
Gold reserves also increase
Foreign currency assets, the largest component of foreign exchange reserves, increased by $ 2.37 billion in the week ended July 10 and stood at $ 475.64 billion on weekends, according to data released today by the Reserve Bank. During this period, gold reserves also increased by $ 71.2 million to $ 34.73 billion. The reserve with the International Monetary Fund increased by $ 19 million to $ 4.55 billion and special drawing rights increased by $ 5 million to $ 1.45 billion during the week under review.