{"id":2345,"date":"2024-06-13T23:48:30","date_gmt":"2024-06-13T23:48:30","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=2345"},"modified":"2024-06-13T23:48:30","modified_gmt":"2024-06-13T23:48:30","slug":"indias-foreign-exchange-reserve-soar-to-an-11-month-high-of595-9","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/indias-foreign-exchange-reserve-soar-to-an-11-month-high-of595-9\/","title":{"rendered":"Indias foreign exchange reserve soar to an 11-month high of\n$595.9"},"content":{"rendered":"

Indias Foreign Exchange<\/a> 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<\/a>, rising by$6.536 billionto$526.021 billionduring the week.<\/p>\n

Gold reservesrose by $659 million to $46.315 billion, while the reserve position at the increased by $139 million to $5.192 billion.<\/p>\n

However,Special Drawing Rights (SDRs)decreased by $204 million to $18.447 billion. The Reserve Bank Of India<\/a> has been intervening in the forex market to curb rupee depreciation through spot and forward positions.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[619],"class_list":["post-2345","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-02-05-23"],"yoast_head":"\nIndias foreign exchange reserve soar to an 11-month high of $595.9 - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/13\/indias-foreign-exchange-reserve-soar-to-an-11-month-high-of595-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indias foreign exchange reserve soar to an 11-month high of $595.9\" \/>\n<meta property=\"og:description\" content=\"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 ... 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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 ... 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