new Delhi. There has been a decrease in the foreign exchange reserves of the country. In the week ended March 11, 2022, it declined by $ 9.646 billion to $ 622.275 billion. During this period, the value of gold reserves increased by $ 1.522 billion to $ 43.842 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.
Earlier, in the week ended March 4, foreign exchange reserves had increased by $ 394 million to $ 631.92 billion. In the week ended February 25, the country’s foreign exchange reserves fell by $ 1.425 billion to $ 631.527 billion. Earlier, in the week ended February 18, foreign exchange reserves had increased by $ 2.762 billion to $ 632.95 billion.
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FCA down by $11.108 billion
According to the weekly data released by RBI on Friday, this decline in foreign exchange reserves in the week ended March 11 was mainly due to the reduction in Foreign Currency Assets (Foreign Currency Assets), which is a significant part of the total currency reserves. Is. The Reserve Bank said that India’s FCA declined by $ 11.108 billion to $ 554.359 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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gold reserve increased
Apart from this, the value of gold reserves increased by $ 1.522 billion to $ 43.842 billion in the reporting week. In the reporting week, the country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) decreased by $ 53 million to $ 18.928 billion. The country’s currency reserves kept in the IMF decreased by $ 7 million to $ 5.146 billion.
Tags: business news in hindi, Gold, RBI, Reserve Bank of India
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