Indias Foreign Exchange reserves increased by$7.196 billionin the week ending May 5, 2023, reaching$595.976 billion, which is an 11-month high. This follows a previous rise of $4.532 billion the week before.Foreign currency assets (FCA)saw the most significant Growth, rising by$6.536 billionto$526.021 billionduring the week.
Gold reservesrose by $659 million to $46.315 billion, while the reserve position at the increased by $139 million to $5.192 billion.
However,Special Drawing Rights (SDRs)decreased by $204 million to $18.447 billion. The Reserve Bank 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube