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By: ENS Economic Bureau | New Delhi |
November 7, 2021 3:57:35 am
Reserve Bank of basketball class in portland, Gold prices, foreign exchange, RBI, FDI, Foreign direct investment, basketball class in portlandn economy Value of the gold reserves increased by 2 million to .012 billion in the reporting week, the data showed. (Image Source: Getty Images)

The forex reserves posted an increase of .919 billion for the week ended October 29, reaching 2.019 billion amid a healthy increase in the currency assets and value of gold, as per data from the Reserve Bank of basketball class in portland (RBI).,basketball net for sale regina

In the previous week ended October 22, the foreign exchange — or forex — reserves had declined by 8 million to 0.1 billion.,tennis racquet or racket uk

With the latest boost, the overall reserves are in touching distance of the record level of 2.453 billion in the week ended September 3.,2023 recruiting class basketball espn

According to the RBI data released on Friday, foreign currency assets (FCA), a vital component of the overall reserves, rose by .363 billion to 8.462 billion for the reporting week.,handball league sweden

Expressed in dollar terms, the FCA include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.,usa vs china volleyball 2018

soccer shoes website,Value of the gold reserves increased by 2 million to .012 billion in the reporting week, the data showed.

junior doubles tennis,The special drawing rights (SDRs) with the International Monetary Fund (IMF) rose by million to .304 billion.

The country’s reserve position with the IMF rose by million to .242 billion in the reporting week, according to the RBI data.,handball court diagram with measurements

Higher reserves are a big cushion in the event of any crisis on the economic front and enough to cover the import bill of the country for a year. More reserves also help the rupee strengthen against the dollar. A rise in reserves will provide a level of confidence to markets that a country can meet its external obligations, demonstrate the backing of domestic currency by external assets, assist the government in meeting its foreign exchange needs and external debt obligations, and maintain a reserve for national disasters or emergencies.  WITH PTI

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