On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by $ 31.9 billion during the June quarter compared to the same period a year ago.
PTI
September 30, 2021 / 08:18 PM IST
The country’s foreign exchange reserves in nominal terms, including valuation effects, increased by $ 34.1 billion during the June quarter compared to $ 27.9 billion in the year-ago period, RBI data showed on Thursday.
The valuation gain, reflecting the depreciation of the US dollar against major currencies and increase in gold prices, amounted to $ 2.2 billion during the April-June 2021 period. In the year-ago period, the same was at $ 8 billion.
The Reserve Bank of India (RBI) on Wednesday released Sources of Variation in Foreign Exchange Reserves in India during April-June 2021.
On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by $ 31.9 billion during the June quarter compared to the same period a year ago.
The current account balance recorded a surplus of $ 6.5 billion in the first quarter of fiscal 2022 as against a surplus of $ 19.1 billion in the year-ago quarter.
The capital account surplus stood at $ 25.4 billion in April-June period compared to a surplus of $ 0.8 billion in the same quarter of the previous fiscal, the data showed.
