Foreign exchange reserves touch historic high of $651.5 billion
The Governor expressed confidence that the central bank was well-positioned to meet the country’s external financing requirements comfortably.
The Governor expressed confidence that the central bank was well-positioned to meet the country’s external financing requirements comfortably.
India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 2.653 billion to USD 545.855 billion.
India's foreign exchange reserves rose to $531.081 billion for the week ended October 28, a jump of $6.561 billion over the previous week.
India is facing a mixture of factors that may shake its sovereign credit metrics and amid external turbulence, its foreign exchange reserves are falling, while the current account deficit is rising, said S&P Global Ratings on Wednesday.
Nepal government has imposed a total ban on the import of 10 luxurious goods until mid-July 2022 after the country's economic crisis deepened.
The Reserve Bank of India's forex reserves decreased to $635.667 billion from $635.828 billion during the week ended December 10.
The value of the country's gold reserves increased by $1.008 billion to $37.020 billion.
The obnoxious propaganda that the debacle of 1971 took place because Hindu teachers had brainwashed the Bengali youth still persists. It was also unfortunate, that with few exceptions, no voices were raised by West Pakistani leaders or intelligentsia against the military action, and the destruction which came in its wake.
FCAs, the largest component of the forex reserves, edged lower by $743 million to $491.550 billion.
The state governments had loans worth Rs 5,179 crore from the RBI in the week ended October 11, compared with Rs 7,886 crore in the previous week.
