India Forex Reserves 2022: The figures of the country’s foreign exchange reserves have been released by the Reserve Bank of India. Let us tell you that till November 18, the country’s foreign exchange reserves have increased by $ 2.54 billion to reach $ 547.25 billion.
RBI released data
RBI has given this information on Friday. For the second consecutive week, India’s foreign exchange reserves increased by $ 2.537 billion to $ 547.252 billion in the week ended November 18. It had increased by USD 14.721 billion to USD 544.715 billion after the highest weekly increase since August 2021 last year.
This is how it is used
In October 2021, the country’s foreign exchange reserves had reached an all-time high of $ 645 billion. After that, due to continuous increase in interest rates by central banks and global pressure, a continuous decline has been recorded in it. The Central Reserve Bank (RBI) uses India Forex Reserves to keep the rupee strong.
how much gold reserves
According to the weekly statistical supplement released by the RBI on Friday, Foreign Currency Assets (FCA) form a major component of the total reserves. has increased by USD 1.76 billion to USD 484.288 billion. A strong increase in non-US units such as the euro, pound and yen held in foreign exchange reserves has been registered against the dollar. During this period the country’s gold reserve has increased by $315 million to $40.011 billion. RBI said that the Special Drawing Rights (SDR) has increased by $ 351 million to $ 17.906 billion in the said week.
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