There is a continuous decline in the foreign exchange reserves, the foreign reserve slipped to close to $ 600 billion
Again there was a decline in the foreign reserve.
Once again there has been a decline in the foreign exchange reserves. In the week ended April 22, the country’s foreign exchange reserves fell by $ 3.27 billion and reached the level of $ 600 billion. There has been a steady decline in the foreign reserve for some time now.
of the country foreign exchange reserves ,Foreign Exchange reserves) declined by $ 3.271 billion to $ 600.423 billion in the week ended April 22. reserve Bank of India (Reserve Bank of IndiaEarlier, during the week ended April 15, it had decreased by $ 311 million and it had come down to $ 603.694 billion, according to the weekly data released on Friday. The decline in foreign exchange reserves was due to depletion of foreign currency assets (FCAs), which constitute a significant part of the total reserves. According to the data, FCA declined by $ 2.835 billion to $ 533.933 billion in the week ended April 22. Foreign currency assets expressed in dollars also include movements in non-US currency such as the euro, pound and yen in foreign currency assets.
According to the data, the country’s gold reserves during the week under review (Gold reserves) declined by $ 3.77 million to $ 42.768 billion. RBI said that this week the International Monetary Fund (IMF)IMFThe Special Drawing Rights (SDRs) with the company declined by $33 million to $18662 billion. According to the data, the currency reserves of the country kept in the IMF have come down by $ 26 million to $ 5.060 billion.
Rupee jumped 11 paise on Friday
The rupee on Friday climbed 11 paise to close at 76.50 against the dollar on softening of the US currency. The fall in the value of the US currency in the foreign markets and capital inflows from foreign institutional investors strengthened the rupee. The rupee opened at 76.62 per dollar in the interbank foreign exchange market. During trading, the rupee went to a high of 76.29 and a low of 76.63. In the end, it strengthened by 11 paise and closed at 76.50 per dollar. On Thursday, the rupee had closed at 76.61 per dollar against the US currency.
The impact of the fall in the dollar index was visible
According to Dilip Parmar, Research Analyst, HDFC Securities, the rupee rose on expectations of better overseas investment, a fall in the dollar index and a correction in riskier assets. The issue (IPO) is expected to increase investment inflows. Meanwhile, the dollar index, which measures the dollar against the six currencies, was down 0.6 per cent at 102.98.
Foreign investors sold again
Apart from this, the 30-share BSE Sensex fell by 460.19 points to 57,060.87 points and the NSE Nifty lost 142.50 points to end at 17,102.55 points. Global benchmark Brent crude oil futures rose 1.78 per cent to $109.51 per barrel. According to stock market data, foreign institutional investors sold shares worth 3648 crores on Friday, while domestic institutional investors bought 3490 crores. 158 crores were sold on a total basis.
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