new Delhi. The country’s foreign exchange reserves have increased. In the week ended March 4, 2022, it increased by $ 394 million to $ 631.92 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.
The country’s foreign exchange reserves fell by $ 1.425 billion to $ 631.527 billion in the week ended February 25, 2022. Earlier, in the week ended February 18, foreign exchange reserves had increased by $ 2.762 billion to $ 632.95 billion. According to RBI data, forex reserves declined by $1.763 billion to $630.19 billion in the week ended February 11, 2022.
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FCA raised by $634 million
According to the weekly data of RBI, the reason for the jump in foreign exchange reserves in the reporting week is the increase in foreign currency assets (FCA) and gold reserves, which are considered a significant part of the total reserves. The Reserve Bank said that India’s FCA increased by $ 634 million to $ 565.466 billion in the reporting week. 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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