India s forex reserves rise by $1.4 billion due to surge in RBI s gold assets
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India s forex reserves rise by $1.4 billion due to surge in RBI s gold assetsET Bureau
Last Updated: May 14, 2021, 07:41 PM IST
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Synopsis
The increase in foreign kitty in the reporting week was mainly on the back of a rise in the value of gold assets held by the central bank.
Reuters
The gold reserves in the reporting week rose by $1.016 billion to $36.480 billion, as per the central bank data.
Related
Mumbai: India’s foreign exchange reserves rose by $1.444 billion to $589.465 billion in the week of May 7, the Reserve Bank of India’s weekly statical data showed on Friday.
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