Forex Reserves: India’s Forex Reserves At Record High

Forex Reserves: India’s foreign exchange reserves reached a record high, know what level gold reserves have reached. The country’s foreign exchange reserves increased by $ 5.867 billion in the week ended October 9.

With this, Forex Reserves of the country reached a record high of $ 551.505 billion. This has been stated in the data released by the Reserve Bank of India (RBI).

At the same time, the forex reserves had increased by $ 3.618 billion to reach the level of $ 545.638 billion in the week ended October 2.

According to the RBI data, this marked a significant increase in foreign exchange reserves due to a significant increase in Foreign Currency Assets (FCA) for the week ended October 9.

The FCA rose by $ 5.737 billion to reach the level of 508.783 during the week under review.

Foreign currency assets include the effect of appreciation or depreciation in non-US currencies such as the euro, pound, and yen deposited in foreign exchange reserves. FCA is shown in dollar terms.

According to RBI data, gold reserves increased by $ 11.3 million to $ 36.598 billion in the week under review.

According to these recent figures, the country’s special withdrawal rights from the International Monetary Fund (IMF) increased by $ 4 million to $ 1.480 billion in the week ending October 9.

With this, the country’s reserves in the IMF increased by $ 130 million to reach $ 4.644 billion.

SBI Pension Seva: What is this scheme and how to get the registration done, you get all these benefits

State Bank of India (SBI) has a website for pensioners (other than staff pensioners) having pension accounts. This website is quite easy to use and it benefits common pensioners.

Around 54 lakh pensioners across the country are taking advantage of the SBI service. Pensioners can log in on the SBI Pension Services website and check their pension details.