Foreign exchange reserves of India increased by 2.82 billion dollars till December 8, the total figure.

Mumbai: The country’s foreign exchange reserves increased by $ 2.82 billion to $ 606.86 billion in the week ending December 8. The Reserve Bank of India (RBI) gave this information on Friday. Last week, the country’s total currency reserves had increased by $6.11 billion to $604.04 billion. Notably, in October 2021, the country’s foreign exchange reserves had reached an all-time high of $645 billion. The central bank used reserves to maintain the rupee’s exchange rate amid pressure due to global developments since last year. This affected the currency reserves.

According to the weekly data of the Reserve Bank, foreign currency assets, an important part of the foreign exchange reserves, increased by $ 3.08 billion to $ 536.69 billion in the week ending December 8. Foreign currency assets expressed in dollars take into account the effects of movements in non-US currencies such as the euro, pound, and yen. According to RBI, gold reserves decreased by $ 199 million to $ 47.13 billion. Special Drawing Rights (SDR) declined by $63 million to $18.19 billion. In the week under review, the country’s currency reserves kept with the International Monetary Fund (IMF) declined by $11 million to $4.84 billion. Also, read this: