In a ray of some hope,RBI data showed that during the last week of April the
country's foreign exchange reserves increased by $1.701 billion to $584.107 billion.
The last time we went this high was in January 29,2021 where we touched $590.187
bn.In the reporting week ended April 23, 2021, the rise in reserves was on account of
an increase in foreign currency assets (FCAs), a major component of the overall
reserves.Weekly data showed that FCA rose by $1.062 billion to $541.647
billion.Accordning to the RBI data there has also been increase in Gold reserves
from $615 million to $35.969 billion.Along with these there has been increment in
International Monetary Fund (IMF) was up from $7 million to $1.505 billion in the
weekly reporting.Also giving rise to country's reserve position where IMF rose by
$18 million to $4.987 billion.
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