Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves

Foreign currency assets declined by $302 mn to $498.19 bn in week ended Dec 30

The Reserve Bank of India’s foreign exchange reserves rose by $44 million to $562.85 billion in the week ended December 30, latest central bank data showed.

The marginal rise in the RBI’s reserves in the week gone by was due to a rise in the central bank’s gold reserves which rose $354 million to $41.32 billion, the data showed.

The RBI’s foreign currency assets declined $302 million to $498.19 billion in the week ended December 30. During the previous week, the rupee appreciated by a marginal 0.2 per cent versus the dollar.

For 2022 as a