India’s Forex Reserves Rise By USD 3.854 Billion

India’s foreign exchange reserves increased by USD 3.854 billion to USD 601.363 billion in the week ended May 27, according to RBI data. In the previous week, the reserves rose by USD 4.230 billion to USD 597.509 billion. During the reporting week, the rise in forex reserves was due to an increase in the Foreign Currency Assets (FCA) and the gold reserves.

FCA increased by USD 3.61 billion to USD 536.988 billion in the week ended May 27. Gold reserves increased by USD 94 million to USD 40.917 billion. The country’s reserve position with the IMF also increased by USD 18 million to USD 5.019 billion in the reporting week.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, June 06 2022. 12:21 IST