India’s Foreign Exchange Reserves Decreased, FCA Down

India’s foreign exchange reserves decreased again, but the gold reserve increased: Forex Reserves.

The country’s foreign exchange reserves have come down again. It declined by $1.152 billion to $571.56 billion in the week ended July 22, 2022.

This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.

According to RBI data, it had declined by $ 7.541 billion to $ 572.712 billion in the previous week ended July 15, 2022.

During the week ended July 8, forex reserves declined by $8.062 billion to $580.252 billion. Earlier, in the week ending July 1, 2022, it had come down by $ 5.008 billion to $ 588.314 billion.

FCA is down by $1.426 billion.

According to the weekly data released by the RBI on Friday, this decline in forex reserves in the week ended July 22 was mainly due to the reduction in Foreign Currency Assets (Foreign Currency Assets).

Foreign Currency Assets are a significant part of the total currency reserves.

The Reserve Bank said that India’s FCA declined by $ 1.426 billion to $ 510.136 billion in the reporting week.

FCAs, expressed in dollars, also include the effect of an increase or decrease in the value of other foreign currencies such as the euro, pound, and yen held in foreign exchange reserves.

India’s foreign exchange reserves decreased again: Gold reserve increased by $ 145 million.

According to the data, the value of gold reserves also increased by $ 145 million to $ 38.502 billion during this period.

In the reporting week, the country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) increased by $106 million to $17.963 billion.

The country’s currency reserves kept in the IMF also increased by $ 23 million to $ 4.96 billion.

Petrol Diesel Prices: Petrol in Port Blair is Rs 84.10 a liter, check how much the price reached in your city today.

Amidst the rising prices of crude oil in the global market, government oil companies have also released the retail rates of petrol and diesel on Saturday morning.

Today, the country’s cheapest oil is being found in Port Blair, where the price of petrol is Rs 84.10 a liter.

Government oil companies have once again not made any change in the retail prices of petrol and diesel released this morning. Petrol in Delhi is still getting Rs 96.72 a liter.

If we talk about crude, then in the last 24 hours, the price of Brent crude has increased by $ 2 to $110 per barrel, while WTI is selling at $ 98.62 per barrel.