Foreign exchange reserves increase by $3.8 billion to $601.3 billion as foreign currency assets increase

The country’s foreign exchange reserves increased by $3.854 billion to $601.363 billion in the week ending May 27, according to RBI data.

The previous week, reserves increased by $4.230 billion to $597.509 billion.

During the reporting week, the rise in foreign exchange reserves was due to an increase in foreign exchange assets (FCA) and gold reserves, according to the weekly statistical supplement released by the Reserve Bank of India (RBI) on Friday. .

FCA rose $3.61 billion to $536.988 billion in the week ending May 27.

Expressed in dollars, foreign currency holdings include the effect of the appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.

Gold reserves increased by $94 million to $40.917 billion.

Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) increased by $132 million to $18.438 billion.

The country’s reserve position with the IMF also increased by $18 million to $5.019 billion in the reporting week, the data showed.

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