What is the news?
India’s foreign exchange reserves reached a new all-time high of $723.77 billion (about Rs 65,000 billion). According to the Reserve Bank of India (RBI), it has increased by $ 14.36 billion (about Rs 1,250 billion) during the week ending January 30. This increase follows an increase of $ 8.05 billion (about Rs 720 billion) in the previous reporting week, when the reserves reached $ 709.41 billion (about Rs 63,800 billion).
gold reserves
Gold reserves also increased
RBI said that a significant increase in gold reserves was recorded during the week ending January 30. It increased by $ 14.59 billion (about Rs 1,310 billion) to $ 137.68 billion (about Rs 12,300 billion). According to the central bank data, foreign currency assets (FCAs), the largest part of the reserves, declined by $ 493 million (about Rs 4,430 crore) to $ 562.39 billion (about Rs 50,580 billion) during the last week.
SDR also increased
The data also showed that there has been an increase in Special Drawing Rights (SDRs), which increased by $216 million (about Rs 1,940 crore) to $18.95 billion (about Rs 1,705 billion) during the week under review. India’s reserve position with the International Monetary Fund (IMF) also increased by $44 million (about Rs 395 crore), taking it to $4.74 billion (about Rs 425 billion) in the reporting period.

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