India's forex reserves decline by over $1.4 bn
Friday - January 7, 2022 8:48 pm ,
Category : BUSINESS
Mumbai, Jan 7 (IANS) India's foreign exchange reserves declined by $1.466 billion during the week ended December 31, 2021.The Reserve Bank of India's forex reserves decreased to $633.614 billion from $635.080 billion. 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 $1.480 billion to $569.889 billion.However, the value of the country's gold reserves inched up by $14 million to $39.405 billion.The SDR value remained flat at $19.114 billion.Similarly, the country's reserve position with the IMF was constant at $5.207 billion.
--IANS rv/vd
--IANS rv/vd
(Disclaimer: This post has been auto published from IANS news agency without any modification to the text and has not been reviewed by editor)
