India's foreign exchange reserves increased to over $61 billion in the week ended 12th.
According to RBI statistics
Jan. The country's foreign exchange reserves increased by $163.4 crore to $61,890 crore in the week ended 12.Jan. It fell by $589 crore to $62,320 crore in the previous week ended 5th.
In October 2021, the country's foreign exchange reserves reached $64,500 crore. It has been falling from time to time as the RBI uses foreign exchange reserves to protect the rupee amid pressures from global economic conditions.Foreign currency assets, the main component of foreign exchange reserves, rose by $185.9 crore to $54,850.8 crore in the week ended 12th.
Fluctuations in holdings of non-dollar currencies like euro, pound, yen and other currencies are dollar-denominated foreign currency assets. The country's gold reserves fell by $24.2 billion to $4,724.7 billion in the assessment week. Special drawing rights (SDR) rose by $1.2 billion to $1,831 billion. The country's foreign exchange reserves increased by $60 lakh to $487.2 crore, according to RBI figures.