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 US $ 4.85 billion to US $ 590.18 billion during the week ended 29 January. This information has been given in the data released by the Reserve Bank of India on Friday.
Earlier in the week ended 22 January, foreign exchange reserves had increased by $ 1.091 billion to $ 585.334 billion. At the same time, in the week ended January 15, foreign exchange reserves had decreased by $ 1.839 billion to $ 584.242 billion.
According to the data released by the Reserve Bank of India on Friday, due to the increase in foreign currency assets (Foreign Currency Assets), the currency reserves increased. Foreign currency assets form a significant part of the total foreign exchange reserves.
FCA increased by $ 5.03 million
According to the RBI’s weekly figures, FCA increased by $ 5.03 billion to reach the level of $ 547.22 billion. The FCA is denominated in dollars, but includes other foreign currency assets such as the euro, pound and yen.
Gold reserves fall in the country
According to the data, the value of the country’s gold reserves decreased by $ 164 million to $ 36.459 billion during the week ended January 29. The country received the Special Drawing Rights in the International Monetary Fund reduced by $ 4 million to $ 1.51 billion, while the IMF’s reserve reserves also decreased by $ 6 million to $ 5.16 billion.
