New Delhi, 01 December: There is good news on the economy front. Foreign exchange reserves have increased for the second consecutive week. The country’s foreign exchange reserves increased by $ 2.54 billion to $ 597.93 billion in the week ending November 24. Reserve Bank of India (RBI) has given this information in the data released.
In the data released on Friday, RBI said that in the week ending November 24, the country’s foreign exchange reserves increased by $ 2.54 billion to $ 597.93 billion. Last week, total foreign exchange reserves had increased by $ 5.07 billion to $ 595.39 billion.
According to the data, foreign currency assets, an important part of foreign exchange reserves, increased by $ 2.14 billion to $ 528.53 billion.
According to the data, the value of gold reserves also increased by $296 million to $46.34 billion. During this period, Special Drawing Rights (SDR) have increased by $ 87 million to $ 18.22 billion. At the same time, the country’s currency reserves kept with the International Monetary Fund (IMF) increased by $ 14 million to reach $ 4.85 billion.
It is noteworthy that the country’s foreign exchange reserves had jumped to an all-time high of $ 645 billion in October 2021.
