India’s foreign exchange reserves reach all-time high of 516.362 billion dollars
India’s foreign exchange reserves have swelled by 3.108 billion dollars to reach a fresh all-time high of 516.362 billion dollars in the week ended 10th July 2020. Foreign currency assets, a major part of the overall reserves, rose by 2.372 billion dollars to 475.635 billion dollars.
In the previous week, the reserves had increased by 6.416 billion dollars to end at 513.54 billion dollars. Gold reserves surged by 712 million dollars to end at 34.729 billion dollars. India’s special drawing rights with the International Monetary Fund rose by 5 million dollars to reach 1.453 billion dollars, while the country’s reserve position also increased by 19 million dollars to 4.545 billion dollars.