Foreign exchange reserves up by $64.9 bn in FY20; FDI inflow at $43 bn: RBI

The country's foreign exchange reserves in nominal terms increased by $64.9 billion in FY20 compared to a reduction of $11.7 billion in FY19, according to RBI.

This increase in reserves includes the valuation effects, the Reserve Bank of India said in a release.

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

The valuation gain, reflecting increase in gold prices, amounted to $5.4 billion during 2019-20 as against a loss of $8.3 billion during 2018-19.

On a balance of payments