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Foreign treasury breached for the second consecutive week, wealth reduced by Rs 23 thousand crores

Due to the fall of rupee against the dollar and rise in the price of crude oil, the country’s foreign exchange reserves have declined for the second consecutive week. According to the data, there has been an increase of one billion dollars in gold reserves and a decline in assets. Let us also tell you what kind of figures have been presented by RBI.

Due to the rise in crude oil and fall in rupee, there has been a decline in the country’s forex reserves for the second consecutive week. The special thing is that the total decline in two weeks has been more than 8 billion dollars. On the other hand, a significant decline has also been seen in foreign currency assets. On the contrary, gold reserves have increased. Before this, foreign exchange reserves had increased for 7 consecutive weeks. Due to which the country’s foreign exchange reserves had increased to more than 648 billion dollars. It was expected that the country’s foreign exchange reserves would cross the level of $650 billion. This could not happen. Let us also tell you what kind of figures have been presented by the Reserve Bank of India regarding the country’s foreign exchange reserves.

Decline in the country’s forex reserves

The country’s foreign exchange reserves decreased by 2.28 billion dollars i.e. more than 23 thousand crore rupees to 640.33 billion dollars in the week ending April 19. According to the information given by the Reserve Bank of India, in the last trading week the country’s foreign exchange reserves, after increasing for the last several weeks, had decreased by 5.40 billion dollars to reach 643.16 billion dollars. It had also reached a new lifetime level of $648.56 billion in the week ending April 5. It was expected that this figure would cross 650 billion dollars, but it could not happen.

How much loss in two weeks

There has been a decline in foreign exchange reserves for the second consecutive week. During this period, a decline of $ 8.23 ​​has been seen in the forex reserves. If we calculate it in Indian Rupees then the figure is more than Rs 63 thousand crores. Due to which the country’s forex has come to 640 billion dollars. Whereas two weeks ago, there was an increase in the country’s foreign exchange reserves for 7 consecutive weeks. Due to which an increase of more than 32 billion dollars was seen in the country’s forex reserves. If experts are to be believed, an increase in forex reserves may be seen again in the coming days.

Currency assets also declined

According to the Reserve Bank of India data, in the week ending April 19, there has been a significant decline in foreign currency assets, which are considered an important part of the currency reserves. According to the data, there has been a decline of 3.79 billion dollars i.e. more than Rs 32 thousand crore in currency assets. After which the currency assets have decreased to 560.86 billion dollars. According to the Reserve Bank, there has been a good increase in the gold reserve. According to the data, there has been an increase of 1.01 billion dollars in gold reserves, which took the total to 56.81 billion dollars. The Reserve Bank said that SDR decreased by $ 43 million to $ 18.03 billion. On the other hand, India’s reserve deposits with the International Monetary Fund also decreased by $2 million to $4.63 billion.

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