The country's forex reserves set a record: more than 50 550 billion, the first such foreign exchange deposit

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- This achievement was achieved in the week ended 9th October

New Delhi Dated 17th October 2020 Saturday

The country's forex reserves exceeded 50 550 billion for the first time. Forex reserves rose 5. 5.867 billion to 5 550.505 billion in the week ended October 9, according to the Reserve Bank. This is the first time that such a forex reserve has been registered since the country became independent.

According to the Reserve Bank, for the first time in the week ended June 5 this year, the forex reserves crossed આંક 500 billion. The rise in foreign currency assets was responsible for the નવ 550 billion rise on October 9. Foreign currency assets are a major contributor to forex reserves.

Foreign currency assets (FCA) rose to 50 508.783 billion on October 9 from 73 5.737 billion. The FCA is usually written in dollars but is also responsible for fluctuations in other foreign currencies such as the pound, euro and yen.


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