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

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

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Mumbai. The country’s foreign exchange reserves have come down again. It declined by $1.763 billion to $630.19 billion in the week ending February 11, 2022. During this, the value of gold reserves increased by $ 95.20 million to $ 40.235 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.

FCA down by $2.764 billion
According to the weekly data released by RBI on Friday, this fall in foreign exchange reserves in the week ended February 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 $ 2.764 billion to $ 565.565 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 $ 95.20 million to $ 40.235 billion in the reporting week. In the reporting week, the country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) increased by $ 65 million to $ 19.173 billion. The country’s currency reserves in the IMF also declined by $ 16 million to $ 5.217 billion.

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

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