News Karnataka
Sunday, April 14 2024

India’s forex reserves decline by over $1.7 bn

Swedish Price Comparison Firm Sues Google For 24 Bn
Photo Credit : IANS

Mumbai: India’s foreign exchange reserves fell by $1.763 billion during the week ended February 11.

The Reserve Bank of India’s forex reserves decreased to $630.190 billion from $631.953 billion reported for February 4.

The country’s forex reserves comprises of 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 $2.764 billion to $565.565 billion. However, the value of the country’s gold reserves increased by $952 million to $40.235 billion.

The SDR value also rose by $65 million to $19.173 billion. However, the country’s reserve position with the IMF fell by $16 million to $5.217 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.

To get the latest news on WhatsApp