Forex Reserves Of India Hit Fresh High Of US$608.08 Billion

As per the latest data released by RBI on foreign exchange reserves on Friday (December 18, 2021), the country's total foreign reserves climbed to an all time high of USD 6,08,081 million, rising USD 3,074 million in the week to June 11.

Forex Reserves Of India Hit Fresh High Of US$608.08 Billion

Foreign Currency Assets or FCAs, which account as the major component of the overall foreign reserves, climbed by USD 2567 million to USD 563457 million. The foreign currency assets expressed in dollar currency also includes the impact of appreciation or depreciation of non-US currencies including Yen, Euro and Pound that form the part of forex reserves.

Gold reserves also soared to USD 38,101 million, rising USD 496 million during the week under review. In the previous week, gold reserves registered a fall.

The special drawing rights (SDRs) with the International Monetary Fund (IMF) declined by USD 1 million to USD 1,512 million. Also, the country's reserve position in the IMF increased by USD 11 million to USD 5,011 million in the reporting week.

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