Foreign exchange reserves rose to $63,609 crore.

India's foreign exchange reserves rose to $63,609.5 crore in the week ended 1st.

Foreign exchange

According to the Reserve Bank of India statistics

The country's foreign exchange reserves increased by $1,047 crore to $63,609.5 in the week ended March 8.

It rose by $6.5 crore to $62,562.6 crore in the previous week ended March 1.

In October 2021, the country's foreign exchange reserves reached $64,500 crore. It has been depreciating from time to time as the Reserve Bank uses foreign exchange reserves to protect the rupee amid pressures from global economic conditions.

Foreign currency assets, a major component of foreign exchange reserves, rose by $812.1 million to $56,235.2 million in the week ended 8th June.

Foreign currency assets are foreign currency assets denominated in dollars due to fluctuations in holdings of other non-dollar currencies such as the euro, pound, and yen.

The country's gold reserves rose by $229.9 million to $5,071.6 million during the assessment week.

Special Drawing Rights (SDR) increased by $3.1 crore to $1,821.1 crore.

The country's reserves in international funds increased by $1.9 billion to $481.7 billion, according to RBI figures.

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