Foreign capital reserves of the country reached over $ 579 billion, increased by about $ 4.5 billion in a week
The country’s forex reserve has again reached a new record high. According to the data released by the Reserve Bank of India (RBI) on Friday, it jumped $ 4.525 billion to reach $ 579.346 billion in the week ended December 4. Earlier, in the week ending November 27, it had decreased by $ 469 million to $ 574.821 billion. According to RBI data, for the first time in the week ending June 5, 2020, the forex reserve crossed $ 500 billion.
Foreign currency assets (foreign currency assets) have also recorded a huge jump. Foreign currency assets (FCA) rose by $ 3.932 billion to reach $ 537.386 billion. FCA is denominated in dollars, but it also has the effect of fluctuations in the value of non-dollar currency assets such as euro, pound and yen in foreign currency assets.
Gold reserve value increased by $ 53.5 million
The value of gold reserves rose by $ 53.5 million to $ 35.728 billion during this period. The country’s Special Drawing Rights (SDR) in the International Monetary Fund (IMF) increased by $ 1.2 million to $ 1.506 billion. The country’s reserve position in the IMF increased by $ 4.6 million to reach $ 4.725 billion.
Forex reserves have increased by $ 101.539 billion since March 31
According to RBI data, the country’s forex reserves have increased by $ 125.924 billion in the last one year. Similarly, there has been an increase of $ 101.539 billion in forex reserves as on 31 March 2020. Foreign currency assets have also increased by $ 116.128 billion in the last one year and $ 95.174 billion since March 31, 2020.
