Inching closer to its historic peak, India's forex kitty increased by USD 1.686 billion to USD 423.554 billion for the week to June 7, RBI data showed Friday.
The foreign exchange reserves had increased by USD 1.875 billion to USD 421.867 billion in the previous reporting week.
The reserves had touched a lifetime high of USD 426.028 billion in April 2018.
In the reporting week, foreign currency assets, a major component of the overall reserves, rose by USD 1.666 billion to USD 395.801 billion, the apex bank said.
Expressed in dollar terms, foreign currency assets include the effect of appreciation/depreciation of non-US units like the euro, pound and yen held in the reserves.
Gold reserves were unchanged at USD 22.958 billion, according to the RBI data.
The special drawing rights with the International Monetary Fund rose USD 6.1 million to USD 1.449 billion.
The country's reserve position with the fund also rose USD 14 million to USD 3.3345 billion.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
