경제소식 (Economic News)

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작성자 까마 (121.♡.87.158) 댓글 0건 조회 87회 작성일 22-11-05 12:43

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[INDIAN ECONOMIC NEWS] Good morning everyone I am  Rumi Dhar from Kama Group.
Here I have important INDIAN economic news to share with you which is as mentioned
below.

India's foreign exchange reserves logged their biggest weekly jump since September 2021
and also rose for the first time in three weeks for the week ended October 28, helped by
gains in both foreign currency assets and gold reserves.

The foreign exchange reserves of Asia's third largest economy rose by $6.56 billion to
$531.08 billion for the week ending Oct 28, according to data released today by the
Reserve Bank of India.

However, the spot forex reserves are still sharply down from $607 billion in end-March
and depleted by $111.37 billion from the record high of $642.45 billion seen on September
3 last year.

The forex reserves have depleted for 11 weeks out of 13. The other time it got lucky was
for the week ended Oct 7, when gains in gold reserves had lifted the forex reserves by just
$204 million.

The foreign exchange reserves had fallen to their lowest level since July 2020 to $524.52
billion for the week ending Oct 21.

The gain in the foreign exchange reserves can be attributed to a rise in the Foreign Currency
Assets (FCA), which is a major component of the overall reserves, according to the Weekly
Statistical Supplement released by RBI.




Read more at:
https://economictimes.indiatimes.com/news/economy/indicators/indias-foreign-exchange-reserves-finally-jump-by-6-56-billion-to-snap-two-weeks-of-fall/articleshow/95302881.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


KAMA GROUP
New Delhi
Have a nice day 

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