Skip to main content

India's foreign exchange reserves increased

India's foreign exchange reserves increased to over $61 billion in the week ended 12th.

India's foreign exchange reserves increased
Foreign exchange 


According to RBI statistics


Jan.  The country's foreign exchange reserves increased by $163.4 crore to $61,890 crore in the week ended 12.Jan.  It fell by $589 crore to $62,320 crore in the previous week ended 5th.

In October 2021, the country's foreign exchange reserves reached $64,500 crore.  It has been falling from time to time as the RBI uses foreign exchange reserves to protect the rupee amid pressures from global economic conditions.Foreign currency assets, the main component of foreign exchange reserves, rose by $185.9 crore to $54,850.8 crore in the week ended 12th.

Fluctuations in holdings of non-dollar currencies like euro, pound, yen and other currencies are dollar-denominated foreign currency assets. The country's gold reserves fell by $24.2 billion to $4,724.7 billion in the assessment week. Special drawing rights (SDR) rose by $1.2 billion to $1,831 billion.  The country's foreign exchange reserves increased by $60 lakh to $487.2 crore, according to RBI figures.
Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

Today gold price April 2025

Today gold rate status in tamilnadu, 22 carat gold is a type of gold alloy that is 91.67% pure gold. The remaining 8.33% is made up of other metals, such as copper, silver, or zinc. This makes 22 carat gold more durable than 24 carat gold, which is 99.99% pure gold. 22 carat gold is also more affordable than 24 carat gold.  Today's Gold Silver price Updated on 05th April 2025 What is the rate of 1 gram gold in Tamil Nadu Today gold silver price 22/24 carat 22ct 1 gm ₹8,310/110⬇️ 24ct 10 gm ₹91,600/1400⏬ 1 gm silver103,00/R5⬇️ 1kg Bar silver ₹90,700 /5300 ⏬ Trading gold silver market live USDINR Rates by TradingView GOLD Quotes by TradingView SILVER Quotes by TradingView The purity of gold is measured in carats, with 24 c...
1 comment
Read more

This gold price is not permanent.

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history   Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...
Post a Comment
Read more

What are the retirement expectations of Indian youth?

A majority of the Indian youth want to retire early and are expecting a large pension, a study has revealed.    Retirement plan Retirement preferences of Indian youth In a survey conducted by Grant Thornton Bharat among various stakeholders across India to find out about retirement planning, more than 55 percent of the participants said that they expect a pension of more than Rs 1 lakh per month during retirement. However, it has also been revealed that the savings they have made are not enough to compensate for this. This study reveals that there is a huge gap between pension preferences and retirement planning.  Most of the participants in the study said that they want to retire before the age of 45 to 55. However, they rely on traditional means such as provident fund, national pension scheme, and gratuity for retirement planning. More than 76 percent of the participants in the study said that they have not invested in annuity plans. The study emphasizes ...
Post a Comment
Read more