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

Other news

Flight Accident: Chaos on Hawaiian Airlines flight, 11 passengers seriously injured

At least a dozen people were seriously injured after a crash aboard a flight from Phoenix to Hono

RBI Report: More interest may be available on deposits in the coming time

The demand for credit is increasing rapidly in the country. Also, there is a huge difference betw

Team India created history: India won by 119 runs in the third ODI, clean sweep the West Indies at their home for the first time in 39 years

Team India defeated West Indies by 119 runs in the third ODI to clean sweep the series 3-0. The I

WTC Points Table: Points table changed from the Pakistan-England Test match, know where Team India stands

Pakistan made a better start on the fifth day in the Rawalpindi Test against England. The hosts d

Nayanthara: After accusing Dhanush, Nayanthara expressed gratitude to these stars, Shahrukh-Chiranjeevi's names were included in the list

Nayanthara recently accused Dhanush of refusing to permit to use of scenes from the film 'Naanum

Himachal Pradesh Election: CM Yogi's highest demand is in Himachal, BJP engaged in preparations for rallies

The entire staff of BJP leaders is going to enter the electoral fray in the Himachal Pradesh Asse

Bhuvan Bam: When a Pakistani user unfollowed him, Bhuvan Bam gave a befitting reply. Indian users said, 'Ek dil hai...'

Due to the increasing tension between India and Pakistan, many Pakistani people are unfollowing I

Devendra Fadnavis will take oath today at 7 pm, Eknath Shinde will get the deputy CM's chair; meeting with the governor

BJP leader Devendra Fadnavis will take oath as the CM of Maharashtra at 7 pm today. Along with hi

Mumbai Rain: It is raining heavily in some parts of Mumbai, IMD's yellow alert in these areas

Heavy rain lashed parts of Mumbai on Monday morning, but public transport services were not affec

Corona: A new sub-form of Omicron found in ten states, Insacog said - monitoring of changes in the virus

A new sub-form that increases corona infection again in the UK and America has also appeared in s