EVERYTHING You Should Know About India’s foreign exchange Reserves That Touched Record High of $ 391.33 bn
India’s Foreign Exchange Reserves touched a new record high of USD 391 point 33 billion aided by increase in foreign currency Assets (FCAs).
Based on the recent data report released by the Reserve Bank Of India (RBI), FCAs a key component of overall reserves, surged by USD 2 point 24 billion to USD 367.15 billion.
RBI data also revealed that Gold reserves remained unmoved at USD 20.35 billion.
The special drawing rights with the International Monetary Fund (IMF) went up by USD 12.1 million to USD 1.491 billion, despite the fact that country’s reserve position with the IMF also increased by USD 19 million to USD 2.341 billion.
