{"id":9430,"date":"2021-08-15T11:54:22","date_gmt":"2021-08-15T11:54:22","guid":{"rendered":"https:\/\/sunkrish.com\/?p=9430"},"modified":"2021-08-15T12:16:37","modified_gmt":"2021-08-15T12:16:37","slug":"indias-forex-reserves-rise-to-lifetime-high-of-621-5-billion","status":"publish","type":"post","link":"https:\/\/sunkrish.com\/index.php\/2021\/08\/15\/indias-forex-reserves-rise-to-lifetime-high-of-621-5-billion\/","title":{"rendered":"India&#8217;s Forex reserves rise to lifetime high of $621.5 billion"},"content":{"rendered":"<div>\n<figure id=\"attachment_4053\" class=\"thumbnail wp-caption alignleft\" style=\"width: 310px\"><a href=\"https:\/\/sunkrish.com\/wp-content\/uploads\/2015\/11\/govt-set-to-ease-fdi-rules-for-as-many-as-15-sectors.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4053\" src=\"https:\/\/sunkrish.com\/wp-content\/uploads\/2015\/11\/govt-set-to-ease-fdi-rules-for-as-many-as-15-sectors.jpg\" alt=\"\" width=\"310\" height=\"229\" srcset=\"https:\/\/sunkrish.com\/wp-content\/uploads\/2015\/11\/govt-set-to-ease-fdi-rules-for-as-many-as-15-sectors.jpg 310w, https:\/\/sunkrish.com\/wp-content\/uploads\/2015\/11\/govt-set-to-ease-fdi-rules-for-as-many-as-15-sectors-150x111.jpg 150w, https:\/\/sunkrish.com\/wp-content\/uploads\/2015\/11\/govt-set-to-ease-fdi-rules-for-as-many-as-15-sectors-300x222.jpg 300w\" sizes=\"auto, (max-width: 310px) 100vw, 310px\" \/><\/a><figcaption class=\"caption wp-caption-text\"><span style=\"color: #808080;\"><em>In the reporting week, the increase in the forex kitty was due to a rise in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).<\/em><\/span><\/figcaption><\/figure>\nThe country&#8217;s foreign exchange reserves increased by $889 million to a lifetime high of $621.464 billion in the week ended August 6, 2021, RBI data showed on Friday.<\/div>\n<div>\u00a0<\/div>\n<div>In the previous week ended July 30, 2021, the reserves had surged by $9.427 billion to reach $620.576 billion. <br \/><br \/><\/div>\n\n\n<p class=\"wp-block-paragraph\">In the reporting week, the increase in the forex kitty was due to a rise in foreign currency assets (FCAs), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).<br \/><br \/>FCAs rose by $1.508 billion to $577.732 billion in the reporting week.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gold reserves were down by $588 million to $37.057 billion in the reporting week, the data showed.<br \/><br \/>The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $1 million to $1.551 billion.<br \/><br \/>The country&#8217;s reserve position with the IMF also fell by $31 million to $5.125 billion, as per the data.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n<p>Source: <a href=\"https:\/\/economictimes.indiatimes.com\/news\/economy\/finance\/forex-reserves-rise-by-889-mn-to-lifetime-high-of-621-464-bn\/articleshow\/85303547.cms\" target=\"_blank\" rel=\"noopener noreferrer\">Economic Times<\/a><\/p>\n<p>\u00a0<\/p>","protected":false},"excerpt":{"rendered":"<p>The country&#8217;s foreign exchange reserves increased by $889 million to a lifetime high of $621.464 billion in the week ended August 6, 2021, RBI data showed on Friday. \u00a0 In the previous week ended July 30, 2021, the reserves had &hellip; <a href=\"https:\/\/sunkrish.com\/index.php\/2021\/08\/15\/indias-forex-reserves-rise-to-lifetime-high-of-621-5-billion\/\">Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":4053,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15,497,493,5],"tags":[305,975,559,433,396,367,656],"class_list":["post-9430","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-business-advisory-services","category-cross-border-transactions-mas-joint-ventures","category-economy-business-updates-corporate-affairs","category-india-international-corporate-updates","tag-economy","tag-foreign-currency-assets-fcas","tag-foreign-exchange-management-act-fema","tag-forex","tag-international-monetary-fund-imf","tag-reserve-bank-of-india-rbi","tag-sdr"],"_links":{"self":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/9430","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/comments?post=9430"}],"version-history":[{"count":5,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/9430\/revisions"}],"predecessor-version":[{"id":9435,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/posts\/9430\/revisions\/9435"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media\/4053"}],"wp:attachment":[{"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/media?parent=9430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/categories?post=9430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sunkrish.com\/index.php\/wp-json\/wp\/v2\/tags?post=9430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}