India's forex reserves decline by over $1.16 billion

Dubai - On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.280 billion to $575.451 billion.

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By IANS

Published: Fri 8 Oct 2021, 10:57 PM

Last updated: Fri 8 Oct 2021, 10:59 PM

India's foreign exchange reserves fell by $1.169 billion during the week ended October 1.

The Reserve Bank of India's (RBI) forex reserves declined to $637.477 billion from $638.646 billion reported for the week ended September 24.

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India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs and the country's reserve position with the International Monetory Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.280 billion to $575.451 billion.

However, the value of the country's gold reserves rose by $128 million to $37.558 billion. On the other hand, the SDR value fell by $138 million to $19.240 billion. In contrast to SDRs, the country's reserve position with the IMF rose by $122 million to $5.228 billion. — IANS

IANS

Published: Fri 8 Oct 2021, 10:57 PM

Last updated: Fri 8 Oct 2021, 10:59 PM

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