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BREAKING NEWS

India's foreign exchange reserves down over $1.7 bn

10 Dec 2021
Mumbai, Dec 10 (IANS) India's foreign exchange reserves fell by $1.783 billion during the week ended December 3.

The Reserve Bank of India's forex reserves decreased to $635.905 billion from $637.687 billion reported for the week.
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 $1.483 billion to $573.181 billion.
Similarly, the value of the country's gold reserves fell by $407 million to $38.418 billion.
However, the SDR value rose by $90 million to $19.126 billion, and the country's reserve position with the IMF was up $17 million to $5.180 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)