India’s foreign exchange reserves hit 8-month high! – India’s foreign exchange reserves reaches eight month high of 578-778 billion dollars according to rbi report

by time news
India’s foreign exchange reserves rise to eight-month high India’s foreign exchange reserves rose by $5.977 billion to $578.778 billion in the week ended March 24. This is the highest in eight months.

India’s foreign exchange reserves hit an all-time high of $645 billion in October 2021. However, since then the ta Indian rupee

Earlier, India’s foreign exchange reserves rose by $12.8 billion to $572.8 billion in the week ended March 17. India’s foreign exchange reserves have gone up due to higher foreign currency assets.

Foreign currency assets are foreign currency assets like dollar, euro. Foreign currency assets constitute the largest share of foreign exchange reserves.

India’s foreign currency assets increased by $6.48 billion to $536.99 billion in the week ended March 24.

Also, India’s gold reserves increased by $39.59 billion in the week ended March 24. However, India’s reserves with the International Monetary Fund (IMF) fell by $47 million to $5.71 billion.

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