According to data released by the Reserve Bank of India on Friday, the country's foreign exchange reserves fell by $ 9.6 billion to $ 622.3 billion for the week ended March 11. Significantly, this was the sharpest weekly decline in the last two years. According to the RBI, the fall was due to the depletion of foreign currency assets, which constitute a significant part of the total reserves.
There was a big drop in March 2020
Talking about the last two years, before this, a decline of $ 11.9 billion was recorded in the foreign exchange reserves in the week ended March 20, 2020. Earlier, in the week ended March 4, foreign exchange reserves had increased by $ 394 million to $ 631.92 billion. Let us inform you that in September 2021 last year, the foreign exchange reserves had reached a record level of $ 642.453 billion. Foreign currency assets held in foreign exchange reserves, expressed in dollars, include the rising and falling effects of non-US currencies such as the euro, pound, and yen.
This time also increase in gold reserves
According to RBI data, the country's gold reserves have increased by $ 1.522 billion in the week under review and it has increased to $ 43.842 billion. In the week under review, special drawing rights (SDRs) with the International Monetary Fund (IMF) declined by $53 million to $18.928 billion. According to the report, the country's currency reserves kept with the IMF have come down by $ 7 million to $ 5.146 billion.
$20 billion less than high
Stocks are currently down about $20 billion from their all-time high of 642 billion dollars. The period of decline in forex reserves coincides with the week that saw record intervention by the central bank after the rupee breached 77 on March 7. The Indian currency came under pressure in the wake of the deteriorating situation in Ukraine, followed by sanctions imposed by western countries, leading to crude oil prices reaching the level of $140. Going forward, the rupee will depend on the direction of the conflict in Ukraine. If oil supply is ensured at $80-85 through concessional supplies from Russia or easing of global prices, the rupee should remain stable. But if the price crosses $100, it will again come under pressure.
KL Rahul breaks Gayle-Warner's record: batsman who scored 600 plus runs in IPL 4 times, Gayle-Warner could do this only 3 times
Lucknow Super Giants, who landed in the 15th season of IPL, could not travel till the final, but captain KL Rahul has definitely managed to register a record in his name. Rahul has become the batsman
Shahid Afridi joins Ravi Shastri's tone regarding changes in ODI cricket
Team India's former cricketer and head coach Ravi Shastri recently said that to save the future of ODI cricket, it should be changed to 40-40 overs instead of 50-50 overs. Now former Pakistan
Deadly Cough Syrup: A Special investigation team will go to Tamil Nadu to find the truth about the drug company, 16 children died; Constantly increasing data
SIT will now investigate the case of the death of 16 children by drinking cough syrup 'cold' in Madhya Pradesh. The police have formed a 12-member Special Investigation Team (SIT) to investigate the
Nikki murder case: CCTV and video made in Kanchan's phone will reveal the truth; the children will also tell what happened that day.
The police investigating the Nikki murder case in Greater Noida have seized the footage of CCTV cameras inside and outside the house of the accused husband, Vipin. Kasna Kotwali police have said that
The Omicron variant running in China caused havoc, and killed many famous artists, actors, and opera singers
According to a report by the global television network NTD, the recent outbreak of Omicron infection in China has caused the death of famous artists, actors, opera singers, film directors, and
Another 'Sonam' unfaithful... Father's murder and 100 CCTV footage, of child pretending to sleep exposed the truth
In Alwar, Rajasthan, another case similar to Raja Raghuvanshi and Sonam has come to light. But in this case, the 9-year-old boy of the couple became the main witness.
Kupwara Encounter: Three Lashkar-e-Taiba terrorists who infiltrated from Pakistan, were killed in the Kupwara encounter
Pakistan makes repeated attempts to incite terrorism in Kashmir, but they have to face the Indian security forces every time. A similar effort was made on Thursday as well. The army killed three
Corona cases started decreasing in China but the situation is not improving in Beijing, people started keeping stock of ration
Despite the decrease in corona cases in China, there has been talking about showing strictness by the government. In the last 24 hours, 7,822 new corona cases have been found in China, of which 865
No interim relief to Teesta from Supreme Court: Now hearing on bail petition on August 25, notice to Gujarat government as well
The Supreme Court on Monday issued notice to the Gujarat government on Teesta Setalvad's bail plea. During the hearing in the bench of Justice UU Lalit, Senior Advocate Kapil Sibal, appearing for
Congress 'disillusioned' in Goa, AAP will benefit; Punjab formula will work
The politics of Goa, a small state in the country, has emerged as a golden opportunity for the Aam Aadmi Party (AAP). AAP is looking at the upcoming Panchayati elections as a big opportunity. Taking
