India's forex reserves breach $500 billion mark for first time

Uploaded by William Dunbar on June 13, 2020 at 6:11 am

The country’s #foreignexchangereserves crossed the $500 billion mark for the first time in the week ended June 5. As per the data released by the Reserve Bank of #India #RBI on Friday, the reserves, which are being considered as one of the biggest assets in the fight against challenges posed pandemic, surged $8.22 billion in a week to hit a fresh lifetime high of $501.7 billion.In the week ended June 5, foreign currency assets (FCA), a major component of the overall reserves, climbed by $8.42 billion to $463.63 billion.In the week ended May 29, the reserves had increased by $3.43 billion to a record high of $493.48 billion.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.The gold reserves, however, declined by $329 million to $32.35 billion during the week under review.

भारत पर बरसा अमेरिकी डॉलर, 500 बिलियन डॉलर रिकॉर्ड तोड़ बढ़ोतरी, चीन के उड़े होश
चैनल के बारे में – इंडीप्लस न्यूज़
CLICK HERE -https://www.youtube.com/channel/UC0lp6KwDO1UOwKL_SGT0gnA
INSTAGRAM
https://www.instagram.com/indiplusnews/?hl=en
Twitter
https://twitter.com/IndiplusNews
Blog
https://thdailynewsindiabharat.blogspot.com/
Pintrest
https://www.pinterest.com/shaggyme2525/indiplus-news/
Mix
https://mix.com/indiplusnews
Instagram
https://www.instagram.com/indiplusnews/?hl=en

Comments

Comments are disabled for this post.