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India's forex reserves swell $2.83 billion to a new high of $692.296 billionThe overall kitty had increased by $223 million to a new high of $689.458 billion for the previous reporting week.
PTI
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<div class="paragraphs"><p>For the week ended September 20, foreign currency assets, a major component of the reserves, increased by $2.057 billion to $605.686 billion..</p></div>

For the week ended September 20, foreign currency assets, a major component of the reserves, increased by $2.057 billion to $605.686 billion..

Credit: PTI File Photo

Mumbai: India's forex reserves jumped by $2.838 billion to a new all-time high of $692.296 billion for the week ended September 20, the RBI said on Friday.

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The overall kitty had increased by $223 million to a new high of $689.458 billion for the previous reporting week.

For the week ended September 20, foreign currency assets, a major component of the reserves, increased by $2.057 billion to $605.686 billion, the data released on Friday showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves increased by $726 million to $63.613 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were up by $121 million to $18.54 billion, the apex bank said.

India's reserve position with the IMF was down by $66 million to $4.458 billion in the reporting week, the apex bank data showed.

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(Published 27 September 2024, 18:44 IST)