India’s foreign exchange reserves fell by $1.71 billion, know the condition of Pakistan’s treasury

India foreign exchange reserves : The country’s foreign exchange reserves fell by $ 1.71 billion to $ 651.99 billion in the week ended June 28. The Reserve Bank of India gave this information on Friday. Last week, the total currency reserves fell by $ 2.92 billion to $ 652.89 billion. On June 7 this year, the reserves reached an all-time high of $ 655.82 billion. According to Reserve Bank data, foreign currency assets, which are considered an important part of the currency reserves, fell by $ 1.25 billion to $ 572.88 billion in the week ended June 28.

The value of gold reserves decreased

Foreign currency assets mentioned in dollar terms include the effect of fluctuations in non-US currencies such as euro, pound and yen held in the foreign exchange reserves. The Reserve Bank said that the value of gold reserves declined by $ 427 million to $ 56.53 billion during the week under review. Special Drawing Rights (SDR) declined by $ 35 million to $ 18.01 billion. The Reserve Bank said that India’s reserve deposit with the International Monetary Fund (IMF) increased by $ 1 million to $ 4.57 billion during the week under review.

Pakistan’s currency reserves at 2-year high

Pakistan’s foreign exchange reserves held by the State Bank of Pakistan have increased to $9.4 billion, a 2-year high. It has increased by about half a billion dollars due to official inflows. The SBP said in a statement, ‘The currency reserves of the State Bank of Pakistan increased by 494 million to $9.39 billion in the week ended June 28, 2024. It increased due to official inflows from multilateral agencies.’