PM Modi had a lockdown from 24 March to prevent the corona infection. In which corona infection is spreading rapidly after relaxation. India's foreign exchange reserves have risen to an all-time high. The country's foreign exchange reserves have increased by $ 3.43 billion to a new high of $ 493.48 billion due to good growth of main currency assets in the week ended 29 May. The Reserve Bank of India has given this information on Friday.

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The foreign exchange reserves have emerged as a major strong aspect for the country which is suffering from the effects of Coronavirus on the economy. The country's foreign exchange reserves had risen by $ 3 billion to $ 490.044 billion in the previous week, which was the highest level at that time.

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Further, according to data released by the RBI, foreign currency assets, a key component in the overall reserves, increased by $ 3.50 billion during the week ended May 29 and reached $ 455.21 billion. The central bank said that the total value of gold reserves has been steadily decreasing and decreased by 97 million to $ 32.682 billion from a week earlier. The Special Drawing Rights with the International Monetary Fund (IMF) remained unchanged at $ 1.43 billion for the week ended 29 May, while India's reserve position with the IMF increased by $ 31 million to $ 4.16 billion during the week.

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