Foreign exchange reserves up by $30.3 bn in FY22, shows RBI data

The Reserve Bank of India on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during 2021-22

Dollar
Photo: Reuters
Press Trust of India Mumbai
1 min read Last Updated : Jun 22 2022 | 7:37 PM IST

The country's foreign exchange reserves in nominal terms, including valuation effects, rose by USD 30.3 billion in 2021-22 fiscal against USD 99.2 billion expansion in FY2020-21, RBI data showed.

On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by USD 47.5 billion during 2021-22 as compared with USD 87.3 billion during 2020-21.

The Reserve Bank of India (RBI) on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during 2021-22.

The valuation loss, reflecting the appreciation of the US dollar against major currencies, amounted to USD 17.2 billion during 2021-22 as against a valuation gain of USD 11.9 billion during 2020-21, the data showed.

The current account balance recorded a deficit of USD 38.8 billion as against a surplus of USD 23.9 billion in the fiscal ended 2021.

During FY22, there was a capital account surplus of USD 86.3 billion, compared to a surplus of USD 63.4 billion in FY21, the data showed.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :Reserve Bank of IndiaForex reserves

First Published: Jun 22 2022 | 7:35 PM IST

Next Story