The data released by the Reserve Bank, the foreign exchange reserve of the country is again gone upward.
The forex reserves had surpassed the historic and landmark figure of $500 billion in the week ending on 5 June and now has risen to $507.64 billion.
Since the week ending on 5 June, the nation’s forex reserves which are managed by the Reserve Bank of India (RBI) have swelled by $5.94 billion (Rs 58,460 crore). One of the major component of the forex reserves, foreign currency assets have surged by $5.1 billion in the week ended 12 June while the gold reserves have surged by $821 million.
Foreign reserves include foreign currency assets, gold reserves, special drawing rights (SDR), and reserve position in the IMF.
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