India\'s Foreign Exchange Reserves Rise To $588.78 Billion

India’s foreign exchange reserves rise to $588.78 billion

New Delhi, May 5 : India’s foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

 India's Foreign Exchange Reserves Rise To $588.78 Billion-TeluguStop.com

As per the data, India’s foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion.

During the week ending April 21, the country’s foreign exchange reserves had fallen by $2.164 billion to $584.248 billion.

Incidentally in October 2021, the country’s forex reserves had reached an all-time high of $645 billion.


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