India News | India's Foreign Exchange Reserves Increased by USD 59.5 Billion During 2019-20: RBI

New Delhi [India], June 30 (ANI): The country's foreign exchange reserves increased by USD 59.5 billion during 2019-20, on a balance of payments basis (excluding valuation effects), the Reserve Bank of India said on Tuesday.

The rise of USD 59.5 billion during 2019-20 is against a decrease of USD 3.3 billion during 2018-19.

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The Foreign exchange reserves in nominal terms (including the valuation effects) increased by USD 64.9 billion during 2019-20 as against a decline of USD 11.7 billion in the preceding year.

Earlier today, the RBI had released the balance of payments (BoP) data for January-March 2020. (ANI)

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(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)