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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

Topics
Foreign exchange reserves | FDI

Press Trust of India  |  Mumbai 

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

The country's 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.

"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 basis (excluding valuation effects), surged by $59.5 billion during FY20 as against a decrease of $3.3 billion during FY19.

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

Net inflows at $43 billion in 2019-20 were higher than $30.7 billion in 2018-19, the RBI said.

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First Published: Tue, June 30 2020. 20:55 IST
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