Foreign Exchange Reserves: Country's foreign exchange reserves again at record high

The value of gold reserves increased by $893 million to $60.99 billion in the week under review. The news of the country's foreign exchange reserves increasing continuously is going to make 140 crore Indians happy.

India Foreign Exchange Reserves: The country's economy and stock market are booming. After the Sensex crossed 82000 in the last few days, the country's foreign exchange reserves increased by more than $ 7.02 billion to a new record level of $ 681.68 billion in the week ending on August 23. Information about this was given by the Reserve Bank of India (RBI). Earlier last week, the foreign exchange reserves had increased by $ 4.54 billion to $ 674.66 billion. Earlier, the all-time high of the currency reserves was recorded at $ 674.91 billion on August 2.

Foreign assets reached $ 597.55 billion

According to the data released by the Reserve Bank, in the week ended August 23, foreign currency assets, which are considered an important part of the currency reserves, increased by $ 5.98 billion to $ 597.55 billion. Foreign currency assets mentioned in dollars include the effect of fluctuations in non-US currencies like the Euro, Pound, and Yen kept in the foreign exchange reserves. In the week under review, the value of gold reserves increased by $ 893 million to $ 60.99 billion. The news of the country's continuous increase in foreign exchange reserves is going to make 140 crore Indians happy.

Pakistan is also happy

Special Drawing Rights (SDR) increased by 118 million dollars to 18.45 billion dollars. In the week under review, the country's reserve with the International Monetary Fund (IMF) increased by 30 million dollars to 4.68 billion dollars. On the other hand, neighboring country Pakistan is also happy. Pakistan's foreign exchange reserves have been increasing for five consecutive weeks. Amidst the ongoing shortage of foreign exchange in Pakistan, this news is very happy for the Pakistani government. Due to the shortage of foreign exchange, only essential goods are being imported into the neighboring country.

Pakistan reached $ 147.763 billion,

but the relief for the last few weeks is that its foreign exchange reserves have been increasing for five consecutive weeks. During the week ending on August 23, Pakistan's foreign exchange reserves reached $ 147.763 billion with a record growth of $ 112 million. An increase of $ 112 million in a single week means that Pakistan's economy is getting back on track. Earlier, in the week ending on August 16, Pakistan's foreign exchange reserves had registered an increase of $ 22.2 million.