Forex Reserve: There was a jump in the foreign exchange reserves of the country, then it crossed $ 600 billion

Posted on 4th Jun 2022 03:39 pm by rohit kumar

The country's foreign exchange reserves have again jumped and it has again crossed $ 600 billion. If we look at the data released by the Reserve Bank of India (RBI), for the week ended May 27, the forex reserve has increased by $ 3.854 billion to $ 601.363 billion.

 

Significantly, in the last week also, there was a rise in foreign exchange reserves and it had increased by $ 4.230 billion to $ 597.509 billion. According to the report, this increase has been due to an increase in foreign currency assets (FCAs), which play a significant role in the total currency reserves. According to the data, FCAs rose by $3.61 billion to $536.988 billion in the week ended May 27.

 

According to RBI, an increase in gold reserves has also been registered. The country's gold reserve has increased by $94 million to $40.917 billion. Apart from this, the SDR deposited with the IMF increased by $ 132 million to $ 18.438 billion in the reporting week. While the currency reserves of the country kept with the International Monetary Fund increased by $ 18 million to $ 5.019 billion.

 

Also Read: SBI Research: Growth rate will be 7.5 percent this year, GDP size will increase by 16 percent

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