𝗜𝗻𝗱𝗶𝗮 𝗙𝗼𝗿𝗲𝘅 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗥𝗶𝘀𝗲 $𝟵𝟯𝟴 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼 $𝟲𝟴𝟮.𝟯𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻

𝗜𝗻𝗱𝗶𝗮 𝗙𝗼𝗿𝗲𝘅 𝗥𝗲𝘀𝗲𝗿𝘃𝗲𝘀 𝗥𝗶𝘀𝗲 $𝟵𝟯𝟴 𝗠𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼 $𝟲𝟴𝟮.𝟯𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻

India's foreign exchange reserves grew by $938 million. The total reached $682.321 billion for the week ended May 28. The Reserve Bank of India released the data on Friday.

The reserves had dropped by $7.511 billion in the prior week to $681.384 billion. They hit a record high of $728.494 billion in the week ended February 27. The Middle East conflict put pressure on the reserves after that date. The RBI sold dollars to support the rupee.

Prime Minister Narendra Modi asked citizens to help save foreign exchange starting May 11. He urged people to cut foreign travel. He asked them to limit fuel use. He also asked them to avoid gold purchases for one year.

• Foreign currency assets rose by $3.116 billion to $546.148 billion. They include non-US currencies such as the euro, pound, and yen.
• Gold reserves fell by $2.186 billion to $112.6 billion.
• Special Drawing Rights with the IMF stayed flat at $18.747 billion.
• India's reserve position with the IMF grew by $8 million to $4.826 billion.