This is an increase of 21.1 percent compared to mid-June last year.
We use Google Cloud Translation Services. Google requires we provide the following disclaimer relating to use of this service:
This service may contain translations powered by Google. Google disclaims all warranties related to the translations, expressed or implied, including any warranties of accuracy, reliability, and any implied warranties of merchantability, fitness for a particular purpose, and noninfringement.
As of mid-December, the country's foreign exchange reserves have reached approximately 3.25 trillion rupees.
This is an increase of 21.1 percent compared to mid-Ashar last year. The total foreign exchange reserves, which were 2677.68 billion rupees in Ashar last year, have increased to 3242 billion rupees by Poush.
‘Such reserves in US dollars have reached 2247 billion rupees by mid-Poush. This is an increase of 15.2 percent compared to last Ashar,’ the Rastra Bank said, ‘In mid-Ashar 2082, such reserves were 1950 billion rupees in US dollars.’ The share of Indian currency in the total foreign exchange reserves as of mid-Poush 2082 is 22.3 percent.
Based on the imports up to six months of the fiscal year 2082/83, the Rastra Bank claims that the foreign exchange reserves held by the banking sector will be sufficient to cover 21.4 months of goods imports and 18.1 months of goods and services imports. This year, the Rastra Bank had set a target of maintaining foreign exchange reserves equal to 7 months of imports.
