Mumbai: India's foreign exchange reserves increased by $ 8.22 billion in the week ending on June 5, reaching the level of $ 500 billion for the first time. According to the Reserve Bank data, the foreign exchange reserves during this period has increased to 501.70 billion dollars. The reason for this rise is the huge increase in foreign currency assets.

'Facebook' fires employee who criticizes Mark Zuckerberg

This amount of foreign exchange reserves is equal to the cost of one year's import. In the previous week ended May 29, the foreign exchange reserves had increased by $ 3.44 billion to $ 463.48 billion. The country's foreign exchange assets increased by $ 8.42 billion to $ 463.63 billion in the week ended June 5. The Reserve Bank of India (RBI) gave detailed information on the current status of the country's currency reserves. It has been told by the RBI that the foreign exchange reserves increased by $ 1.73 billion to $ 493 billion i.e. 37 lakh crore rupees.

Gold falls in futures trade, know new price

This is equivalent to the country's 12-month import spending. According to data released by the Reserve Bank of India (RBI), the country's foreign exchange reserves increased by $ 9.2 billion between April 1 and May 15. Eminent economists of the country are saying that during the global epidemic like Corona, this record growth is a very good sign for the economy. This will help in strengthening and strengthening the country's business and small scale industries. Foreign capital reserves are considered a symbol of the strength of the country's economy and last week it increased by $ 3 billion to reach $ 490 billion.

'Corona tax' imposed on petrol and diesel in MP, Big blow to public