Gold reserve increased by $952 million, foreign exchange reserves declined

Forex Reserves: The country’s treasury increased by $ 2.76 billion, gold reserve also increased

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new Delhi. The country’s foreign exchange reserves increased by $ 2.762 billion to $ 632.95 billion in the week ended February 18. During this period, the value of gold reserves increased by $ 1.274 billion to $ 41.509 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.

Earlier, in the week ended February 11, 2022, foreign exchange reserves had declined by $ 1.763 billion to $ 630.19 billion. According to RBI data, it declined by $1.763 billion to $630.19 billion in the week ended February 11. Earlier, in the week ended February 4, 2022, foreign exchange reserves had increased by $ 2.198 billion to $ 631.953 billion.

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FCA raised by $1.496 billion
According to the weekly data released by RBI on Friday, the increase in foreign exchange reserves was recorded due to the increase in Foreign Currency Asset ie FCA (Foreign Currency Assets). FCA is a major component of overall reserves and gold reserves. According to the data, FCA increased by $ 1.496 billion to $567.06 billion in the week ended February 18. Denominated in dollars, FCA also includes the effect of increase or decrease in the value of other foreign currencies such as euro, pound and yen held in foreign exchange reserves.

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Gold reserves increased by $ 1.274 billion
Apart from this, the value of gold reserves increased by $ 1.274 billion to $ 41.509 billion in the reporting week. In the reporting week, the SDR (Special Drawing Rights) deposited with the International Monetary Fund (IMF) decreased by $ 11 million to $ 19.162 billion. The country’s currency reserves kept in the IMF increased by $ 4 million to $ 5.221 billion.

Tags: business news in hindi, Gold, RBI, Reserve Bank of India

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