After two weeks, good news came on the forex reserve front of the country, the treasury increased so much

Good news has come after two weeks regarding the country’s forex reserves. According to the report released by RBI, there has been an increase in the country’s forex reserves. There was a continuous decline in the country’s forex reserves in the last two weeks. During this period, 15.61 billion dollars were reduced from the foreign treasury. Now that there has been an increase in it, it is a news of great relief. According to experts, the country’s forex reserve is a big support for the country in this time of crisis. The country imports many essential goods. For which it is very important to have adequate forex reserves. In such a situation, a few weeks ago the Prime Minister of the country had appealed to the people of the country to save it. Let us also tell you how much the country’s forex reserves have increased. Also, what is the country’s forex reserve?

increase in forex reserves

According to the information given by the Reserve Bank of India (RBI), the country’s foreign exchange reserves increased by $ 938 million to $ 682.32 billion in the week ending May 28. A week before this, this reserve had decreased by $ 7.51 billion to $ 681.38 billion. In the week ending February 27 this year, foreign exchange reserves had reached its highest level of $ 728.49 billion. But due to increasing tension in West Asia and the rupee coming under pressure against the dollar, this reserve declined for several weeks. However, in the last two weeks the country’s foreign exchange reserves had decreased significantly. According to the report on June 15, the country’s forex reserve was $696.99 billion. In which till June 29, there had been a decline of 15.61 billion dollars.

Increase in currency assets

According to RBI data, foreign currency assets (FCAs), a major part of the currency reserves, increased by $ 3.12 billion to $ 546.15 billion in the week ending May 29. Expressed in dollar terms, these foreign currency assets also include the effect of price changes in other currencies such as the euro, pound and yen. RBI said that during the period under review, the country’s gold reserves declined by $ 2.18 billion to $ 112.6 billion. Special drawing rights (SDRs) remained unchanged at $18.75 billion, while India’s reserve position with the International Monetary Fund (IMF) increased by $8 million to $4.82 billion.