India’s foreign exchange dip lower by $160 mn

Mumbai: India’s foreign exchange reserves dipped lower by $160 million during the week ended December 17.

The Reserve Bank of India’s forex reserves decreased to $635.667 billion from $635.828 billion during the week ended December 10.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF.

MS Education Academy

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $645 million to $572.216 billion.

However, the value of the country’s gold reserves rose by $475 million to $39.183 billion.

The SDR value remained static at $19.089 billion, while the country’s reserve position with the IMF rose by $9 million to $5.179 billion.

Subscribe us on The Siasat Daily - Google News
Back to top button