Forex reserve rose by USD 3 billion to USD 480 billion

April 27, 2020

• Reserve increase is due to half of the value of gold appreciated by RBI and another half from an increase in foreign currency assets.
• RBI information indicated that during the initial 10 days of April 2020, bank credit diminished by Rs 31,562 crore to Rs 193.3 lakh crore, while bank deposits expanded by almost Rs 1.5 lakh crore to Rs 137.1 lakh crore.

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