Business Standard

Foreign exchange reserves up by $64.9 bn in FY20; FDI inflow at $43 bn: RBI

The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19

foreign exchange reserves, forex
Premium

The country's current account balance (CAB) declined to $24.7 billion in FY20 as against a deficit of $57.3 in FY19.

Press Trust of India Mumbai
The country's foreign exchange reserves in nominal terms increased by $64.9 billion in FY20 compared to a reduction of $11.7 billion in FY19, according to RBI.

This increase in reserves includes the valuation effects, the Reserve Bank of India said in a release.

"Foreign exchange reserves in nominal terms (including the valuation effects) increased by $64.9 billion during 2019-20 as against a decline of $11.7 billion in the preceding year, it said.

The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19.

On a balance of payments

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 30 2020 | 8:55 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com