The country’s foreign exchange reserves increased by $6.306 billion in the week ended April 7. According to the latest RBI data, foreign exchange reserves have now increased to $ 584.755 billion. This is the highest level of foreign exchange reserves in the last nine months.
The country’s foreign exchange reserves increased by $6.306 billion in the week ended April 7. According to the latest RBI data, now the foreign exchange reserves have increased to $ 584.755 billion. This is the highest level of foreign exchange reserves in the last nine months. Earlier last week, there was a decline of 32.9 billion dollars in foreign exchange reserves.
It is known that in October 2021, foreign exchange reserves had reached an all-time high of $ 645 billion. After this, RBI had to sell dollars to stop the fall of rupee due to global developments. This led to a decline in foreign exchange reserves.
According to the data, foreign currency assets (FCAs) increased by $4.74 billion to stand at $514.431 billion in the week ended April 7. FCAs have a major share in the total foreign exchange reserves. Similarly, there has been an increase of USD 1.496 billion in gold reserves. Now the gold reserves have increased to 46.696 billion dollars.
Gold at top level of Rs 61,780
Gold prices increased by Rs 480 per 10 grams in the capital Delhi due to strong global cues. Now the price of 10 grams of gold in Delhi has become Rs 61,780. This is the all-time high level of gold price. At the same time, silver has also increased by Rs 410 to reach Rs 77,580 per kg.
