India's foreign currency reserves grew by $4.53 billion to $588.78 billion.

The Reserve Bank of India said on Friday that India's foreign exchange reserves increased by USD 4.532 billion

In the previous reporting week, the total reserves had decreased by USD 2.164 billion to USD 584.248 billion.

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The nation's foreign exchange holdings reached an all-time high of USD 645 billion in October 2021

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The reserves have been dropping as the central bank utilised its funds to protect the rupee against pressure

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According to the Weekly Statistical Supplement published by the RBI, foreign currency assets,

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grew by roughly USD 5 billion to USD 519.485 billion for the week ending April 28.

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The value of the gain or depreciation of non-US currencies like the euro, pound, and yen held in foreign

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exchange reserves is included in the foreign currency assets, expressed in dollar terms.

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