News Karnataka
Tuesday, February 27 2024

India’s foreign exchange reserves down over $1.7 bn

Forex 1
Photo Credit :

Mumbai: 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.

Share this:
Support NewsKarnataka's quality independent journalism with a small contribution.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Find the best odds at 10Cric and IPL Betting 2023! Signup today and get up to a 100% deposit bonus.

To get the latest news on WhatsApp