India's foreign exchange reserves increased by $ 6.992 billion to $ 692.721 billion during the week ended May 23. The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW'>reserve bank of india (RBI) gave this information on Friday. Earlier, the country's forex reserves fell by $ 4.888 billion to $ 685.729 billion during the week ended May 16.
Foreign exchange assets also increase
Foreign exchange reserves had reached an all-time high of $ 704.885 billion at the end of september 2024. Data released on friday showed that for the week ended May 23, foreign exchange assets, a major component of the reserves, rose by $ 4.516 million to $ 586.167 billion. Foreign currency assets expressed in dollar terms include the effect of fluctuations in non-US currencies such as euro, pound and yen held in foreign exchange reserves.
gold reserves also increased
RBI said that gold reserves also increased by $ 2.366 billion to $ 83.582 billion during the week. Special Drawing Rights (SDR) increased by $ 81 million to $ 18.571 billion. According to Reserve bank data, India's reserve position with the IMF has also improved this week, which increased by $ 30 million to $ 4.401 billion.
How much treasury does pakistan have?
At the same time, according to data released by the state bank of pakistan (SBP) on Thursday, Pakistan's foreign exchange reserves have increased by $ 70 million to $ 11.516 billion till May 23. Whereas on May 16 it was $ 11.447 billion. Pakistan's liquid foreign exchange reserves stood at $16.637 billion, showing a marginal decline of $12 million compared to the previous week. This also includes the net holdings of commercial banks. During this period, the net reserves of commercial banks also declined by $82 million, which came down to $5.121 billion..jpg)
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