In the previous week ended July 30, 2021, the reserves had surged by $ 9.427 billion to reach $ 620.576 billion.
PTI
August 13, 2021 / 06:26 PM IST
The country’s foreign exchange reserves increased by $ 889 million to a lifetime high of $ 621.464 billion in the week ended August 6, 2021, RBI data showed on Friday.
In the previous week ended July 30, 2021, the reserves had surged by $ 9.427 billion to reach $ 620.576 billion.
In the reporting week, the increase in the forex kitty was due to a rise in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
FCAs rose by $ 1.508 billion to $ 577.732 billion in the reporting week.
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 were down by $ 588 million to $ 37.057 billion in the reporting week, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $ 1 million to $ 1.551 billion.
The country’s reserve position with the IMF also fell by $ 31 million to $ 5.125 billion, as per the data.
