RBI data shows that the country’s foreign exchange reserves, including valuation effects, grew by $99.2 billion during the financial year 2020-21 as compared to $64.9 billion in the previous year. RBI said the valuation gains, reflecting the depreciation of the US dollar against major currencies and appreciation in gold prices, stood at $11.9 billion during 2020-21, as against $5.4 billion during 2019-20.
The Reserve Bank of India on Wednesday released the sources of change in foreign exchange reserves in India during 2020-21. On a balance of payments basis (excluding valuation effects), foreign exchange reserves increased by $87.3 billion during FY 2020-21, as compared to an increase of $59.5 billion during FY 2019-20.
The current account balance stood at $23.9 billion in FY 2020-21, as against a deficit of $24.7 billion in FY 2019-20. The data shows that the capital account stood at $63.4 billion in FY 2020-21, up from $84.2 billion in the previous fiscal.
The data shows that in the financial year 2020-21, foreign investment in the country stood at $ 80.1 billion, while in the financial year 2019-20 it was $ 44.4 billion.
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