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BREAKING NEWS

India's foreign exchange reserves dip down by $77 mn

17 Dec 2021
Mumbai, Dec 17 (IANS) India's foreign exchange reserves inched lower by $77 million during the week ended December 10.
The Reserve Bank of India's forex reserves decreased to $635.828 billion from $635.905 billion during the week ended December 3.
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 $321 million to $572.860 billion. However, the value of the country's gold reserves rose by $291 million to $38.709 billion.
The SDR value fell by $37 million to $19.089 billion, and the country's reserve position with the IMF slipped by $10 million to $5.170 billion.

--IANS rv/vd

(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)