INSUBCONTINENT EXCLUSIVE:
FCA surged by $748 million to $566.988 billion, as per weekly data by RBIThe country's foreign exchange reserves swelled by $1.013 billion
to touch a lifetime high of $610.012 billion in the week ended July 2, RBI data showed on Friday
In the previous week ended June 25, 2021, the reserves had jumped by $5.066 billion to reach $608.999 billion.During the reporting week, the
rise in the forex kitty was mainly on account of an increase in foreign currency assets (FCA), a major component of the overall reserves
FCA surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India (RBI).Expressed in dollar terms, the foreign
currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound, and yen held in the foreign
Gold reserves climbed $76 million to $36.372 billion in the reporting week.The special drawing rights (SDRs) with the International Monetary
Fund (IMF) rose by $49 million to $1.548 billion
