India’s forex reserves experienced a notable increase, rising by $2.975 billion to reach $619.072 billion for the week ending February 23, as reported by the Reserve Bank of India (RBI). This surge follows a previous week where reserves had slightly decreased by $1.132 billion.
1. Foreign Currency Assets:
2. Gold Reserves:
3. Special Drawing Rights (SDRs):
4. Reserve Position with the IMF:
India’s forex reserves achieved an all-time high of $645 billion in October 2021, marking a significant milestone in the country’s economic landscape.
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