Foreign exchange reserves of the country increased by $ 1.091 billion to $ 585.334 billion

Foreign exchange reserves of the country increased by $ 1.091 billion to $ 585.334 billion

Mumbai: The country's foreign exchange reserves rose by $ 1.091 billion to $ 585.334 billion in the week ended 22 January. This information has been given in the data released on Friday by the Reserve Bank. Earlier, in the week ended January 15, foreign exchange reserves had decreased by $ 1.839 billion to $ 584.242 billion. Foreign currency reserves stood at an all-time high of $ 586.082 billion for the week ended January 8.

According to data released by the Reserve Bank of India on Friday, the increase in foreign exchange assets (FCA) in the reporting period led to an increase in the currency reserves. Foreign currency assets form a major part of the total foreign exchange reserves. According to the Reserve Bank's weekly data, FCA increased by $ 68.5 million to $ 542.192 billion in the reporting period. The FCA is denominated in dollars, but includes other foreign currency assets such as the euro, pound and yen. 

According to the data, the value of the country's gold reserves rose by $ 398 million to $ 36.459 billion during the week ended January 22. The special drawing rights received by the country in the International Fund for Money (IMF) increased by $ 1 million to $ 1.513 billion, while the reserve reserves with the IMF also increased by $ 7 million to $ 5.171 billion.


PNB launches new FD scheme, know how much is being gained in it

PNB launches new FD scheme, know how much is being gained in it

Business Desk: Although the interest rates on fixed deposits may be low at present, for many people today, the first option for savings is the bank. Many banks have increased the interest rates of their fixed deposits at this time, as well as many banks have also launched new FD schemes. Punjab National Bank (PNB), the second largest bank in the country, has brought a special FD scheme.

PNB Best Fixed Deposit
The annual FD rates mentioned are those of PNB's non-collateral FD scheme 'Uttam Fixed Deposit Scheme'. In this scheme, term deposits of more than 15 lakhs but less than 2 crore rupees can be made. These rates are applicable from 1 January 2021.

Check interest rate

4.05 per cent for 91-179 days duration, 4.05 per cent for senior citizens
4.45 per cent for 180-270 days duration, 4.47 per cent for senior citizens
4.55% for the period from 271 days to less than 1 year, 4.60% for senior citizens
5.25 per cent over a period of 1 year, 5.35 per cent for senior citizens
5.25% for 1 to 2 years period, 5.35% for senior citizen
5.25% for 2 years to 3 years duration, 5.50% for senior citizens
5.35 per cent for a period ranging from 3 to 5 years, 5.76 per cent for senior citizens
5.35 per cent for a period ranging from 5 to 10 years, 6.09 per cent for senior citizens
The maturity period of PNB Best Fixed Deposit ranges from 91 days to 120 months.