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India Forex Reserves 2023: The Reserve Bank of India (RBI) on Friday released the latest data related to India Forex Reserves. This week has not proved to be good for foreign exchange. India’s foreign exchange reserves have decreased by US $ 1.494 billion. It has reached a total of US$ 575.267 billion by 3 February 2023. Know what are the figures…
Stock remained at a 6-month high in January
Last year, there was a boom in foreign exchange reserves, which continued for 3 consecutive weeks. India’s foreign exchange reserves reached a 6-month high of $576.76 billion in the week ended January 27.
so much gold reserves
The RBI said that after a period of steady growth, gold reserves declined by $246 million to reach $43.781 billion. The SDR rose by $66 million to reach $18.544 billion, while the country’s reserve position with the International Monetary Fund (IMF) increased by $9 million to $5.247 billion during the week under review.
This figure remained in January
According to the central bank Reserve Bank of India (RBI), last week on January 27, an increase of $ 3.03 billion has been seen in foreign exchange reserves. Also this figure had reached $576.76 billion. Earlier, during the week ending January 20, it had increased by $ 1.727 billion to reach $ 573.727 billion.
remained high in the year 2021
In the month of October 2021, foreign exchange reserves had reached a high level of $ 645 billion. The fall was seen later due to the central bank’s use of currency reserves to prevent a sharp fall in the exchange rate of the rupee amid global developments.
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