A modest increase of દેશના 16.22 million in the country's forex reserves

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Mumbai, Ta. May 9, 2020, Saturday

For the week ended May 1, the country's forex reserves rose by 16.8 million to ૪૮ 21.04 billion. This growth has been due to an increase in foreign currency assets. In the week of March 8 this year, the country's forex reserves were at an all-time high of ૨૩ 2.3 billion.

As a result of the impact of Kovid-2, the country's capital market and currency market witnessed heavy volatility in the forex reserves. The country's gold reserves fell by 2.6 billion to ૨૭ 2.3 billion. Special drawing rights before the IMF rose by લાખ 5 million to ૪૨ 1.6 billion.

The country's forex reserves increased by ૬૨ 2 billion in the financial year 2015-16. The recent depreciation of the rupee against the dollar has led to a decline in forex reserves as the Reserve Bank has to intervene.

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