The country’s foreign exchange reserves increased.
After the Corona virus hit, the Indian economy is recovering faster than most estimates. An article in the RBI’s bulletin titled ‘State of the Economy’ states that the economy may enter a positive range in the third quarter (Q).
- Last updated:
December 25, 2020, 9:17 PM IST
Gold reserves.0 37.020 billion- Foreign currency assets are a significant part of the total foreign exchange reserves. According to the Reserve Bank’s weekly data, the FCA increased by 1.382 billion dollars during the review period to 7,537.727 billion dollars. The FCA is popular in dollars, but also includes other foreign currencies such as the euro, the pound and the yen.
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According to the data, during the week under review on December 18, the value of the country’s gold reserves increased by ડ 1.008 billion to 0 0.05 billion. The country has received special drawing rights in the International Fund for Money (IMF), which has increased by 1. 1.2 million to 1.5 1.515 billion and the IMF’s reserves have also increased by 160 160 million to 4. 8,870 billion.Also read: Railways launches new facility for winter, message to passengers’ mobiles if train is delayed
Signs of improvement in the economy After the Corona virus hit, the Indian economy is recovering faster than most estimates. An article in the RBI’s bulletin titled ‘State the Economy’ states that the economy could fall into the positive range in the third quarter (Q positive). The bulletin states that there are many examples indicating that the Indian economy is recovering rapidly from the Kovid-19 hit. This pace of economics is much better than most estimates.