India's forex reserves up by $30.3 bln in FY22: RBI

Image
Capital Market
Last Updated : Jun 23 2022 | 4:31 PM IST

India's foreign exchange reserves in nominal terms (including valuation effects) rose by $30.3 billion in 2021-22 fiscal against $99.2 billion expansion in FY2020-21, the Reserve Bank of India (RBI) data showed on Wednesday, 22 June 2022.

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

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

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

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

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

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

First Published: Jun 23 2022 | 4:16 PM IST

Next Story