India, April 25 -- The country's foreign currency reserves rose by $1.10 billion to $414.88 billion on April 19, 2019, which is equivalent to Rs 28,758 billion. According to the Reserve Bank, foreign currency reserve is expressed in the dollar, but there is also the effect of fluctuation in the prices of international currencies like Pound Sterling, Yen, Euro, etc. In the same period, the country's gold reserves stood at $ 23.30 billion, which is equivalent to Rs 1,611.9 billion. In the meantime, the country's special drawing right (SDR) increased by $3.3 million to $1.45 billion, which is equal to Rs 101.1 billion.

Almost every country in the world has to keep foreign currency reserves to meet the needs of import because imports from ot...