India's Foreign Exchange Reserves Jump $2.56 Billion to $644.15 Billion
India’s foreign exchange reserves saw an increase of $2.56 billion, reaching a total of $644.15 billion for the week ended May 10, according to the Reserve Bank of India (RBI). This follows a previous increase of $3.668 billion after three consecutive weeks of decline.
The foreign currency assets, which form a significant portion of the reserves, rose by $1.488 billion to $565.648 billion. These assets are influenced by the appreciation or depreciation of non-US currencies like the euro, pound, and yen.
Gold reserves experienced a significant rise, increasing by $1.072 billion to $55.952 billion during the reported week.
The Special Drawing Rights with the International Monetary Fund (IMF) increased by $5 million, bringing the total to $18.056 billion.
India’s reserve position with the IMF saw a slight decrease of $4 million, totaling $4.495 billion for the reporting week.
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
Rivers have shaped human civilization for thousands of years, but some rivers tell stories far…
In an important ruling strengthening the principle of equality of opportunity, the Supreme Court of…
In a land where sand stretches far and rain is rare, water becomes the most…
Cleanliness has become one of the most important measures of a city’s growth and quality…
The Karnataka government has taken an important step to modernise land governance in the Kodagu…