News Karnataka
Tuesday, November 28 2023

India’s foreign exchange reserves down $1.8 bn

Photo Credit :

India foreign exchange reserves down 1 8 bn mainMumbai: India’s foreign exchange reserves declined by $1.839 billion during the week ended January 15.

According to the Reserve Bank of India’s weekly statistical supplement, the reserves decreased to $584.242 billion from $586.082 billion reported for the week ended January 8.

India’s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country’s reserve position with the International Monetary Fund (IMF).

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $284 million to $541.507 billion.

Besides, the value of the country’s gold reserves decreased by $1.534 billion to $36.060 billion.

Similarly, the SDR value slipped by $4 million to $1.512 billion.

The country’s reserve position with the IMF fell by $17 million to $5.163 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.
Editor's Pick

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