4.9 C
London
Sunday, January 23, 2022

Foreign exchange reserves surge by $ 4.34 billion, foreign reserves reached $ 581 billion

- Advertisement -spot_imgspot_img
- Advertisement -

Foreign exchange reserves: According to the Reserve Bank data, the country’s gold reserves rose by $ 1.30 billion to $ 35.32 billion in the week under review.

Gold reserves 35.32 billion dollars.

The country’s foreign exchange reserves of the country increased by $ 4.34 billion to $ 581.21 billion in the week ended April 9. This information has been given in the data released on Friday of the Reserve Bank of India (RBI). In the week ended April 2, the foreign exchange reserves had decreased by $ 2.42 billion to $ 576.28 billion and in the week ended 26 March 2021, the foreign exchange reserves had decreased by $ 2.99 billion to $ 579.28 billion.

Foreign currency reserves stood at an all-time high of $ 590.18 billion for the week ended January 29, 2021. According to the Reserve Bank data, the increase in foreign currency assets (FCA) in the week under review ended April 9, 2021 has led to an increase in foreign exchange reserves. Foreign currency assets are the main part of the total foreign exchange reserves.

Gold reserves reached $ 35.32 billion

According to the Reserve Bank’s weekly data, FCA increased by $ 3.02 billion to $ 539.45 billion in the reporting period. The FCA is denominated in dollars, but includes other foreign currency assets such as the euro, pound and yen. According to the Reserve Bank data, the country’s gold reserves rose by $ 1.30 billion to $ 35.32 billion in the week under review.

India’s special withdrawal increased by $ 6 million in IMF

According to the data, the special withdrawal rights received in the International Mundra Fund (IMF) increased by $ 6 million to $ 1.49 billion in the week under review. Similarly, the reserve reserves with the IMF also increased by $ 24 million to $ 4.95 billion.

Read also, the law will change now regarding check bounce, know what will be the new rule

Also Read, Business Ideas: Start These 5 Businesses in Lockdown, Now is a Great Scope and Bumper Earning Opportunity

(language input)

- Advertisement -
Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
Latest news
- Advertisement -spot_img
Related news
- Advertisement -spot_img

LEAVE A REPLY

Please enter your comment!
Please enter your name here