India's forex kitty reaches new high of $648.7 bn after $4.55 bn jump

Posted on:
Key Points

This is the third consecutive week of increase in the overall kitty, which had increased by $2.561 billion to $644.151 billion in the previous reporting week ended May 17...

For the week ended April 5, the reserves had hit an all time high of $648.562 billion following multiple weeks of increases...

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign exchange reserves.. increased $ 1.244 billion to $ 57.195 billion during the week, the RBI said...

The Special Drawing Rights (SDRs) were up $ 113 million to $ 18.168 billion, the apex bank said.. India's reserve position with the IMF was down $ 168 million to $ 4.327 billion in the reporting week, the apex bank data showed..