News Karnataka
Wednesday, April 17 2024

India’s foreign exchange reserves slip by $249 mn

Photo Credit :

Mumbai: India’s foreign exchange reserves declined by $249 million during the week ended February 12.

According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the reserves increased to $583.697 billion from $583.945 billion reported for the week ended February 5.

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 $1.387 billion to $540.951 billion.

However, the value of the country’s gold reserves increased by $1.260 billion to $36.227 billion.

Besides, the SDR value stood higher by $10 million at $1.513 billion.

Nonetheless, the country’s reserve position with the IMF decreased by $132 million to $5.006 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