New Delhi, July 19 (Tezzbuzz). There is good news on the economic front. There has been an increase in foreign exchange reserves for the second consecutive week. The country's foreign exchange reserves jumped by $ 9.70 billion in the week ending July 12 and reached an all-time high of $ 666.85 billion.
In the data released on Friday, the Reserve Bank of India (RBI) said that the country's foreign exchange reserves jumped by $ 9.70 billion to a record high of $ 666.85 billion in the week ended July 12. In the previous week, the total foreign exchange reserves had increased by $ 5.16 billion to $ 657.15 billion.
According to the data, foreign currency assets, which are considered an important part of the currency reserves, increased by $ 8.36 billion to $ 585.47 billion. During this period, the reserve value of gold reserves increased by $ 1.23 billion to $ 58.66 billion. According to RBI, Special Drawing Rights (SDR) also increased by $ 76 million to $ 18.11 billion.
The Reserve Bank said that India's reserve deposit with the International Monetary Fund (IMF) has increased by $32 million to $4.61 billion.
It is noteworthy that the previous highest level of foreign exchange reserves was $ 655.82 billion, which reached an all time record level of $ 666.85 billion last week.
Tezzbuzz News / Prajesh Shankar / Sanjeev Pash
