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India's forex reserves increased by $4.47 billion to $620.44 billion for the week ending December 22, according to the Reserve Bank of India (RBI). Foreign currency assets expanded by $4.69 billion to $549.75 billion. Gold reserves decreased by $102 million to $47.47 billion. The RBI has been deploying the kitty to defend the rupee amid global pressures.
India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months. The f
The forex kitty fell by as much as $2.3 billion during the week after having plunged by as much as $5.9 billion in the two preceding weeks.
In the previous reporting week, the overall reserves had dropped by USD 30 million to USD 594.858 billion.
The RBI's foreign exchange reserves were at $594.89 billion in the week ended August 18, down $7.27 billion. The decline was the largest since the week ended February 10, RBI data showed.