Mumbai, Dec 24 : India’s foreign exchange reserves dipped lower by $160 million during the week ended December 17.
The Reserve Bank of India’s forex reserves decreased to $635.667 billion from $635.828 billion during the week ended December 10.
India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF.
On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $645 million to $572.216 billion.However, the value of the country’s gold reserves rose by $475 million to $39.183 billion.The SDR value remained static at $19.089 billion, while the country’s reserve position with the IMF rose by $9 million to $5.179 billion.
India’s Foreign Exchange Drops by $160 Mn
Weekly, FCAs (the largest part of forex reserves) fell by $645 Million to $572.216 Billion. The country’s total gold reserve increased by $475million to $39.183billion.
While the SDR value was static at $19.089 trillion, the reserve position of the nation with the IMF increased by $9 million to $5.179Billion.
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