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As per RBI data, India’s foreign exchange reserves increased by USD 2.039 billion in the first week of October 2021.
Foreign Currency Assets (FCAs)
During the reporting week. Foreign reserves rose account of an increase in the Foreign Currency Assets (FCAs). FCA increased by USD 1.55 billion, accounting for USD 577.001 billion the week RBI reported.
What is FCA?
FCA is expressed in dollar terms. It comprises of the effect of appreciation or depreciation of non-US units such as euro, pound and yen held in the foreign exchange reserves.
By: Brijesh Kumar ProfileResourcesReport error
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