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India's Forex reserves touch an all-time high 612.73 billion dollars

WebdeskJul 25, 2021, 05:01 PM IST

India's Forex reserves touch an all-time high 612.73 billion dollars

India’s foreign exchange reserves rose by 835 million dollars to touch a fresh lifetime high of 612.73 billion dollars in the week ended 16th July. A RBI press release informed that foreign currency assets, a major part of the overall reserves, increased by 463 million dollars to 568.748 billion dollars. In the previous week, the reserves had jumped by 1.883 billion dollars to 611.895 billion dollars.

 

The gold reserves went up by 377 million dollars in the reporting week to reach 37.34 billion dollars. Country’s special drawing rights with the International Monetary Fund went up by 1 million dollars to reach 1.548 billion dollars while reserve position with the IMF declined by 7 million dollars to 5.1 billion dollars.

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The virtual deliberations were held as part of the broad agreement drawn in the India-UK Roadmap 2030 for future relations which was adopted at the Virtual Summit between the two Prime Ministers, Narendra Modi and Boris Johnson, in May 2021. New Delhi: In a major push to bilateral ties between India and the United Kingdom, the two foreign ministers held the inaugural Maritime Dialogue in a virtual format on Monday, October 18. The virtual deliberations between External Affairs Mi ...

India-UK first Maritime Dialogue focuses on Indo Pacific