India's Forex Reserves Rise by $1.08 Billion

India's forex reserves have increased by USD 1.08 billion to USD 676.237 billion.

This rise comes after a period of decline due to the Middle East conflict, which put pressure on the rupee.

The RBI had to sell dollars to stabilize the currency.

The government has also asked people to save forex by traveling less abroad, using less fuel, and not buying gold for a year.

The main part of these reserves is foreign currency assets, which went up by USD 4.549 billion.

However, the value of gold reserves dropped by USD 3.48 billion.

The Special Drawing Rights (SDRs) increased by USD 44 million, while the reserve position with the IMF decreased by USD 32 million.