India's foreign exchange reserves exceed $ 61.189 billion, a new record ....

Times of AthibAn Sunday, July 18, 2021 0

India's foreign exchange reserves crossed $ 61.189 billion for the week ended July 9, a new record.

According to figures released by the Reserve Bank of India:

India's foreign exchange reserves increased by $ 188 crore (approximately Rs. 14,122 crore in Indian currency) to $ 61,189 crore (Rs. 45.89 lakh crore) in the week ended July 9, 2021, setting a new record.

For the week ended June 2, foreign exchange reserves increased by $ 101 billion to $ 61,001 billion.

Foreign exchange reserves (FCAs) for the week ended July 2 were at an all-time high due to the sharp rise in the value of foreign currency assets (FCAs), which play a major role in overall reserves.

During the week under review, the FCA increased by $ 130 billion to $ 56,828 billion.

Other currencies, including the euro, pound and yen, are held in foreign exchange reserves. When these are revalued in dollars, the foreign exchange reserves fluctuate according to the fluctuations in the external value.

Gold reserves rose $ 58 billion to $ 3.695 billion for the week ended July 9.

The Special Withdrawal License (STO) in the International Monetary Fund remained unchanged at $ 155 billion. Meanwhile, the country's reserve fund increased by $ 30 lakh to $ 511 crore, according to Reserve Bank data.

Brake line ...

India's foreign exchange reserves crossed $ 61,189 crore (Rs 45.89 lakh crore) in the week ended July 9, 2021, setting a new record.