News Karnataka
Monday, December 11 2023

RBI: Foreign exchange reserves fell $2.24 bn to $570.74 bn

RBI: Foreign exchange reserves fell $2.24 bn to $570.74 bn
Photo Credit : IANS

Mumbai:  The foreign exchange reserves for the week ended August 12 fell $2.24 billion to $5.70.74 billion, according to the Reserve Bank of India (RBI) data.

In the reporting week, the fall in reserves was due to decline in Foreign Currency Assets (FCA). It has declined by $2.7 billion to $506.994 billion.

The Special Drawing Rights (SDRs) increased $102 million to $18.133 billion.

The country’s reserve position with IMF also rose by $7 million to $4.994 billion in the reporting week, as per the data.

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