New Delhi: Due to the slowdown in the country's economy, all industries are distressed. The country's growth rate is going into the abyss. There is no news of relief for the government on the economic front. The country's foreign exchange reserves have also declined. The country's foreign exchange reserves have come down to $ 1.45 billion. Foreign currency assets, the largest component of foreign exchange reserves, fell by $ 1.20 billion to $ 397.13 billion in the week ended on August 23, according to data released by the RBI on Friday.
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During this period, gold reserves also decreased by $ 24.32 million to $ 26.87 billion. The reserve with the International Monetary Fund decreased by $ 4.2 million to $ 3.62 billion and the special drawing rights by $ 4.5 million to $ 1.43 billion during the week under review.
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On the other hand, according to the GDP figures announced by the Central Statistics Office on Friday, it has reached the lowest level in the last six and a half years. In the first quarter, GDP has come down from 5.8 per cent to 5 per cent. Every day the Finance Minister is announcing news of relief for some of the other sectors. But there is no immediate impact.
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