Reserves rose by $12.74 billion from the preceding week, recording their biggest gain in four months, mainly due to an increase in US government bonds held by RBI and an appreciation of non-dollar currencies. RBI holds over two-thirds of its foreign currency assets in US dollars, with the remaining in euro, yen, pound and Chinese renminbi.
source https://timesofindia.indiatimes.com/business/india-business/forex-reserves-cross-600-billion-a-15-month-high/articleshow/102024758.cms
Forex reserves cross $600 billion, a 15-month high
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July 21, 2023
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July 21, 2023
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