The country's foreign exchange reserves rose by $ 1.96 billion to $ 421.72 billion

The Reserve Bank of India said today that the country's foreign exchange reserves rose by $ 1.96 billion to $ 421.72 billion in the week ended January 16.

New Delhi: There is a good news for the government on the economic front that after the fall in the forex reserves 2 weeks ago, it has been steadily rising in the last week. The Reserve Bank of India said today that the country's foreign exchange reserves rose by $ 1.96 billion to $ 421.72 billion in the week ended January 16. The main reasons for this are the substantial expansion in foreign currency assets. In the previous week, the country's foreign exchange reserves declined by $ 2.15 billion to $ 419.76 billion.

The highest level touched on
February 9, before, on February 9, 2018, foreign exchange reserves touched the highest level of $ 421.91 billion. Before this, the first time the record was crossed by the foreign exchange reserves of $ 400 billion on September 8, 2017, but since then there has been a decrease in it.

The increase in FCA
data from the Reserve Bank of India shows that in the last week, the foreign exchange reserves have increased by $ 1.92 billion to $ 396.57 billion.

The Reserve
Bank of India's reserve reserve remained unchanged, the central bank said that the country's reserve reserve reserves remained at 21.51 billion dollars without any change at the earlier level. The Reserve Bank said that the Special Monetary Fund (SDR) in the International Monetary Fund (IMF) has increased $ 1.3 million to $ 1.54 billion.