Forex reserves: This week also saw a decline in foreign exchange reserves, know how much dollar was reduced?
[ad_1]
Reserve Bank of India: The country’s foreign exchange reserves have declined. Foreign exchange reserves declined by $ 763 million by $ 1.14 billion to $ 640.112 billion in the week ended November 12. The Reserve Bank of India (RBI) gave this information in its latest data on Friday. Due to this, there was a decline of $ 1.14 billion in foreign exchange reserves in the previous week.
FCA also declined
The Reserve Bank said that foreign currency assets (FCA), which constitute a significant part of the total currency reserves, declined by $ 2.094 billion to $ 575.487 billion in the week. Foreign currency assets, denominated in dollars, also include the effect of an increase or decrease in the value of other foreign currencies such as the euro, pound and yen.
SDR decline
The value of gold reserves has increased by $ 1.461 billion to $ 40.239 billion. According to Reserve Bank data, the country’s Special Drawing Rights (SDR) with the International Monetary Fund declined by $103 million to $19.184 billion. The country’s foreign exchange reserves in the IMF decreased by $ 27 million to $ 5.201 billion.
Reserve was increased on October 15
Forex reserves had increased by $ 1.492 billion to $ 641.008 billion in the week ended October 15. At the same time, earlier in the week ended September 3, 2021, foreign exchange reserves had reached an all-time high of $ 642.453 billion.
Also read:
Sensex at 80,000: Know what did not happen in India, then by December 2022, Sensex can even cross 80,000!
Tax on Cryptocurrency: Preparations to impose tax on earnings from cryptocurrencies, there will be a change in the tax law in the budget
,
[ad_2]
