India’s foreign exchange reserves surge, gold reserves increase by $ 398 million

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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.

new Delhi. The country’s foreign exchange reserves (Foreign Exchange Reserves / Forex Reserves) increased by $ 1.091 billion to $ 585.334 billion in the week ended 22 January. This information has been given in the data released on Friday of the Reserve Bank of India. Earlier, in the week ended January 15, the foreign exchange reserves had decreased by $ 1.839 billion to $ 584.242 billion. Foreign exchange reserves were at an all-time high of $ 586.082 billion for the week ended January 8.

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.

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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.

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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.





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