India Forex Reserves : Big news is coming out regarding the foreign exchange reserves of the country. India’s foreign exchange reserves increased by $1.727 billion during the week ending January 20, 2023. With this increase, it has come to $ 573.727 billion. The Reserve Bank of India (RBI) has given this information on Friday. Know what is statistics…
Rise in foreign exchange reserves
Even before this, there has been a rise in foreign exchange reserves. This is the second consecutive week when the bullish atmosphere is intact. Last week, the foreign exchange reserves had increased by $ 10.417 billion to $ 572 billion. According to the weekly data of the central bank RBI, Foreign Currency Assets (FCA), considered an important part of the total currency reserves, increased by $ 1.727 billion to reach $ 573.727 billion in the week.
Staying high in 2021
It is known that in the month of October 2021, foreign exchange reserves had reached a high level of $ 645 billion. The fall was seen later due to the central bank’s use of currency reserves to prevent a sharp fall in the exchange rate of the rupee amid global developments.
Currency reserves remained this much in the year 2022
In the same October 2022, the foreign exchange reserves stood at $ 14.721 billion during one week. Foreign currency assets denominated in dollars have declined in non-US currencies such as the Euro, the Pound and the Yen.
so much gold reserves
According to statistics, the gold reserves in the country have increased by $821 million to $43.712 billion. In the International Monetary Fund (IMF), the country’s currency reserves have come down by $ 1 million to $ 5.226 billion in the week under review.
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