Team Blitz India
NEW DELHI: India’s forex reserves jumped by $5.736 billion to $ 622.469 billion for the week ended February 2, the Reserve Bank said. In the previous week, the overall reserves had increased by $591 million to $616.733 billion.
For the week ended February 2, the foreign currency assets, a major component of the reserves, increased by $5.186 billion to $ 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.
Gold reserves increased by $608 million to $48.088 billion during the week, RBI said.
Special Drawing Rights (SDRs) were down by $58 million to $18.19 billion, the central bank said.