India’s Forex Reserves Surge to $622.469 Billion | Latest Update

For the week ended February 2, the foreign currency assets, a major component of the reserves, increased by USD 5.186 billion to USD 55.331 billion, as per the data of RBI.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in foreign exchange reserves. Forex reserves jump to $622.469 billion

Gold reserves increased by USD 608 million to USD 48.088 billion during the week, RBI said.

Special Drawing Rights (SDRs) were down by USD 58 million to USD 18.19 billion, the central bank said.

India’s reserve position with the IMF was unchanged at USD 4.86 billion in the week.

Here’s your comprehensive 3-minute summary of all the things Finance Minister Nirmala Sitharaman said in her Budget speech: