Good news regarding the country’s foreign exchange reserves

At present, India is getting good news on the front of foreign exchange reserves. During the week ending May 10, there was a spectacular increase of $ 2.561 billion in India’s foreign exchange reserves. Now its reserves have become 644.15 billion dollars.
Significant increase in foreign exchange reserves
The latest data released by the Reserve Bank of India (RBI) shows that India’s foreign exchange reserves have increased significantly in the week ending May 10. During this period, reserves increased from $2.561 billion to $644.151 billion. In the last week, the country’s foreign exchange reserves had increased by $ 3.67 billion to $ 641.59 billion. Before this, it had declined for three consecutive weeks. The country’s currency reserves had reached a new all-time high of $648.56 billion in the week ending April 5.
At the same time, according to the weekly data of the Central Bank, during the week under review, foreign exchange reserves, the largest component of foreign capital reserves, increased from $ 1.488 billion to $ 565.648 billion.

Value of gold reserves increased by $1.07 billion
According to Reserve Bank data, foreign exchange reserves, considered an important part of the currency reserves, increased by $ 1.49 billion to $ 565.65 billion in the week ending May 10. The Reserve Bank said that the value of gold reserves increased by $ 1.07 billion to $ 55.95 billion during the week under review.