Foreign exchange reserves (symbolic picture)
According to the RBI data released on Friday, due to the increase in foreign currency assets in the reporting period, the currency reserves increased.
According to the data released by the Reserve Bank of India on Friday, the increase in the foreign currency assets (Foreign Currency Assets) in the reporting period led to an increase in the currency reserves. Foreign currency assets form a significant part of the total foreign exchange reserves.
Also read- Economic Survey 2021: Indian economy will run faster than China, know 5 key things of Economic Survey
FCA raised $ 68.5 millionAccording to the Reserve Bank’s weekly data, the FCA increased by $ 68.5 million to $ 542.192 billion in the reporting period. The FCA is denominated in dollars, but includes other foreign currency assets such as the euro, pound and yen.
Also Read- Economic Survey: Economic survey presented in Parliament, 11% economic growth forecast for FY 2021-22
The country’s gold reserves also increased
According to the data, the value of the country’s gold reserves rose by $ 398 million to $ 36.459 billion during the week ended 22 January. The Special Drawing Rights received by the country in the International Monetary Fund increased by $ 1 million to $ 1.513 billion, while the reserve reserves with the IMF also increased by $ 7 million to $ 5.171 billion.