Country’s treasury full, foreign exchange reserves cross $ 610 billion -nodvkj– News18 English

Mumbai. The country’s foreign exchange reserves increased by $ 1.013 billion to a record high of $ 610.012 billion in the week ended July 2, 2021. This information has been given in the data released on Friday by the Reserve Bank of India i.e. RBI.

According to RBI data, in the previous week ended June 25, foreign exchange reserves had increased by $ 5.066 billion to $ 608.999 billion. According to RBI data, for the week ended June 18, foreign exchange reserves fell by $ 4.418 billion to $ 603.933 billion. Earlier, in the week ended June 11, 2021, foreign exchange reserves had increased by $ 3.074 billion to a record level of $ 608.081 billion.

FCA raises $ 748 million
According to the weekly data of the Reserve Bank, the reason for the increase in foreign exchange reserves in the reporting week is due to the increase in foreign currency assets i.e. FCA (Foreign Currency Assets), which is a major component of the overall reserves. During this period, FCA increased by $ 748 million to $ 566.988 billion. Foreign currency assets expressed in dollar terms also include the effect of increase or decrease in the value of other foreign currencies such as the euro, pound and yen held in foreign exchange reserves.

Gold reserves reached $36.372 billion
According to the data, during this period, gold reserves increased by $ 76 million to $ 36.372 billion. At the same time, the SDR (Special Drawing Rights) with the International Monetary Fund (IMF) increased by $ 49 million to $ 1.548 billion. The Reserve Bank said that during the reporting week, India’s foreign exchange reserves with the IMF increased by $ 139 million to $ 5.105 billion.

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