Foreign currency reserves upward push by means of $223 million to a brand new prime of $689.46 billion

India’s foreign currency echange reserves rose by means of $223 million to a brand new all-time prime of $689.46 billion within the week ended September 13, in keeping with Reserve Financial institution of India information launched on Friday.

Photograph: Kham/Reuters

The total foreign currency echange reserves had risen by means of $5.25 billion to a life-time prime of $689.24 billion within the earlier reporting week ended September 6.

In keeping with the knowledge, foreign currencies property, a big element of the foreign currency echange reserves, declined by means of $515 million to $603.63 billion within the week ended September 13.

Foreign currency echange property expressed in buck phrases come with the impact of appreciation or depreciation of non-U.S. devices such because the euro, pound and yen held within the foreign currency echange reserves.

Gold reserves rose by means of $899 million to $62.89 billion throughout the week, the RBI mentioned.

The apex financial institution mentioned that the Particular Drawing Rights (SDR) declined by means of $53 million to $18.42 billion.

India’s reserve place with the IMF declined by means of $108 million to $4.52 billion within the week underneath overview, in keeping with apex financial institution information.