Foreign exchange reserves rise USD 34.1 bln in June quarter

The country’s foreign exchange reserves in nominal terms, including valuation effects, increased by USD 34.1 billion during the June quarter compared to USD 27.9 billion in the year-ago period, RBI data showed on Thursday.
The valuation gain, reflecting the depreciation of the US dollar against major currencies and increase in gold prices, amounted to USD 2.2 billion during the April-June 2021 period. In the year-ago period, the same was at USD 8 billion.