Mumbai. India’s foreign exchange reserves have reached a record level. In fact, in the week ended September 3, 2021, foreign exchange reserves increased by $ 8.895 billion to $ 642.453 billion. This information has been given in the data released on Friday by the Reserve Bank of India i.e. RBI.
Foreign exchange reserves had increased by $ 16.663 billion to $ 633.558 billion in the week ended August 27. Earlier, in the week ended August 20, 2021, foreign exchange reserves had declined by $2.47 billion to $616.895 billion. For the week ended August 13, 2021, the foreign exchange reserves had declined by $ 2.099 billion to $ 619.365 billion. In the week ended August 6, foreign exchange reserves had reached a record level of $ 621.464 billion.
FCA raised by $8.213 billion
The weekly data released by the RBI on Friday showed that this increase in foreign exchange reserves for the week ended September 3 was mainly due to the increase in foreign currency assets (Foreign Currency Assets), which is one of the total reserves. important part. The Reserve Bank said that the country’s FCA increased by $ 8.213 billion to $ 579.813 billion in the reporting week. Denominated in dollars, FCAs also include the effect of increase or decrease in the value of other foreign currencies such as the euro, pound and yen held in foreign exchange reserves.
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Gold reserve also jumped
According to the data, gold reserves increased by $ 642 million to $ 38.083 billion in the reporting week. The country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) increased by $ 29 million to $ 19.437 billion, while the country’s foreign exchange reserves in the IMF increased by $ 11 million to $ 5.121 billion.
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