In the first quarter of FY22, the current account balance posted a $6.5 billion as surplus, against a $19.1 billion surplus in the year ago quarter
FCA rose by $463 million to $568.748 billion in the reporting week
Foreign currency assets surged by $748 million to $566.988 billion, as per weekly data by the Reserve Bank of India
The reserves surged to a record $605.008 billion in the reporting week, helped by a rise in foreign currency assets
Most of the reserves are usually held in US dollars given the currency’s importance in the international financial and trading system
