India’s forex reserves have increased by $1.657 billion, which is currently valued as of the week ending on April 11, stated the Reserve Bank of India.
This is the sixth consecutive week in which the country‘s forex reserve has increased, which is a positive indication in economic terms for the country. While the overall reserves jumped by $10.872 billion to $676.268 billion in the previous reporting week ending April 4.
The highest rise in foreign reserves was seen during September of 2024, with an all-time
high of $704.885 billion. Gold reserves also surged; currency assets also rose by $892 million, data released on Friday showed.
India’s reserve position with the IMF was up $43 million at $4.502 billion in the reporting week, the apex bank data showed.
(Subham Singh)
