Foreign exchange reserves of the country at a record high of 413.825 billion dollars

The country's foreign exchange reserves rose by $ 2.7 billion to touch the record high of 413.825 billion dollars in the week ended January 12

MUMBAI: The country's foreign exchange reserves have registered good growth. The country's foreign exchange reserves rose by $ 2.7 billion to touch the record high of 413.825 billion dollars in the week ended January 12. The main reasons for this are the substantial expansion in foreign currency assets. In the previous week, the country's foreign exchange reserves rose by $ 1.758 billion to $ 411.124 billion.

The currency reserves had crossed the $ 400 billion mark for the first time on September 8, 2017, but since then there has been a decrease in it, but in the last week there has been a lot of boom.

According to the Reserve Bank of India data, the important part of the total foreign exchange reserves, i.e. foreign currency assets (FCA) increased by $ 2.685 billion to $ 389.834 billion in the week under review.

Non-US currencies such as the Euro, Pound and Japanese Yen, which are kept in the FCA in the FCA as stated in the US dollar, include the effect of decline.

RBI said gold reserves remained at 20.421 billion dollars before the level of change without any change. The Reserve Bank said that the special withdrawal rights in the International Monetary Fund (IMF) rose by $ 62 million to $ 1.520 billion. It has said that the country's currency reserves in the IMF also increased by $ 93 million to $ 2.048 billion.