March 22, 2023


There was a decline in the country’s foreign exchange reserves last week
FCA increased by $ 9.078 billion to $ 505.519 billion
The value of gold reserves increased by $ 1.106 billion to $ 42.89 billion

New Delhi. Foreign Exchange Reserves / Forex Reserves of the country have increased. In the week ending January 13, 2022, it increased by $ 10.417 billion to $ 572 billion. The Reserve Bank of India (RBI) said on Friday that this is the highest increase in any one week in recent times.

Last week, the country’s total foreign exchange reserves had decreased by $ 1.268 billion to $ 561.583 billion. Significantly, in October 2021, foreign exchange reserves had reached an all-time high of $ 645 billion. It later declined as the central bank used reserves to counter a sharp fall in the rupee’s exchange rate amid global developments. In October 2022, there was an increase of $ 14.721 billion in foreign exchange reserves during one week.

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FCA increased by $ 9.078 billion
According to RBI’s weekly data, foreign currency assets ie FCA (Foreign Currency Assets), considered to be an important part of the total currency reserves, increased by $ 9.078 billion to reach $ 505.519 billion in the week ended January 13. Denominated in dollars, FCA also includes the effect of appreciation or depreciation of other foreign currencies such as the euro, pound and yen held in foreign exchange reserves.

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Gold reserve increased by $ 461 million
Apart from this, the value of gold reserves increased by $ 1.106 billion to $ 42.89 billion in the reporting week. According to the data, the Special Drawing Right (SDR) increased by $ 147 million to $ 18.364 billion. In the reporting week, the country’s currency reserves kept with the International Monetary Fund (IMF) also increased by $ 86 million to $ 5.227 billion.

Tags: business news, business news in hindi, Golden, RBI

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