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India's foreign exchange reserves increased by $ 1.620 billion

India's foreign exchange reserves increased by $ 1.620 billion

According to data released by the Reserve Bank of India, India's foreign exchange reserves increased by $ 1.620 billion to $ 430.572 billion in the week ended August 9 due to increase in foreign currency assets. Earlier, in the week ended August 2, foreign exchange reserves had decreased by $ 69.72 million to $ 428.952 billion. The central bank said that foreign currency assets grew by $ 1.52 million to $ 398.739 billion during the period under review. Foreign currency assets form a significant part of the total foreign exchange reserves. According to the data, the country's gold reserves rose by $ 1.591 billion to $ 26.754 billion during this period. The Special Drawing Rights from the International Monetary Fund increased by $ 6.7 million to $ 1.441 billion during this period. At the same time, the country's reserves with the fund rose by $ 7 million to $ 3.636 billion.

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