New Delhi: In the midst of a recessionary atmosphere in the country, there is a relief news. The country's foreign exchange reserves have recorded a record increase. This information was given by RBI Governor Shaktikanta Das during a bi-monthly review of monetary policy. He said that the foreign exchange reserves had increased by $ 434.60 billion on 1 October. Which is a record height. The country's foreign exchange reserves increased by $ 21.7 billion between April and October 1 period. India's foreign capital reserves increased by $ 5.02 billion in the week ended 27 September.

After the increase, it reached the level of $ 433.594 billion. This decreased by $ 388 million last week and came down to $ 428.572 billion. The decrease in exchange rates of other currencies against the dollar also affects the value of foreign currency notes lying in other currencies. Foreign exchange reserves increased by $ 4.94 to $ 401.61 billion on a weekly basis.

According to the RBI's weekly data, the country's gold reserves rose by $ 120 million to $ 26.94 billion. Similarly, the value of SDR dropped by $ 7 million to $ 1.42 billion. Foreign capital reserves include foreign exchange reserves, gold reserves, special drawing rights (SDRs) and reserves of India in the International Monetary Fund (IMF).

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