India’s FOREX reserve crosses $600 Billion for the first time
The figures for the week ended on June 4 were released by the RBI on Friday
The surge was mainly due to an increase in Foreign Currency Assets (FCA)
As per the RBI report, FCA increased by $7.362 billion to $560.890 billion
During the reporting week, gold reserves declined by $ 502 million to $ 37604 billion
Special Drawing Rights in the IMF decreased by $1 million to $1.513 billion
The country’s reserves with the IMF also decreased by $16 million to $5 billion
