Brief by Shorts91 Newsdesk / 03:24am on 21 Sep 2024,Saturday Business
India's foreign exchange reserves rose by $223 million, reaching a record high of $689.458 billion for the week ending September 13, according to the Reserve Bank of India. This follows an increase of $5.248 billion in the previous week, bringing reserves to $689.235 billion on September 6. Despite the overall rise, foreign currency assets (FCA), which form the largest component of forex reserves, fell by $515 million, totaling $603.629 billion. The decline in FCA reflects the impact of the appreciation or depreciation of non-US currencies like the euro, pound, and yen within the reserves, as measured in dollar terms.
