Mumbai, The country’s foreign exchange reserves declined by USD 678 million to USD 634.287 billion in the week ended January 21, according to RBI data.
In the previous week ended January 14, the reserves had increased by USD 2.229 billion to USD 634.965 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021.
During the reporting week ended January 21, the dip in the reserves was on account of a drop in the Foreign Currency Assets (FCA), a major component of the overall reserves, as per the Reserve Bank of India’s (RBI) weekly data released on Friday.
FCA declined by USD 1.155 billion to USD 569.582 billion in the reporting week.
Expressed in dollar terms, FCA include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by USD 567 million to USD 40.337 billion in the reporting week, the data showed.
The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) declined by USD 68 million to USD 19.152 billion.
The country’s reserve position with the IMF also dipped by USD 22 million to USD 5.216 billion in the reporting week, the data showed. PTI
Trending
- Jeera Gains Due To Tight Global Supply In Addition To Strong Domestic And Export Demand
- Centre estimates 3.79 pc lower kharif rice production at 106.31 million tonnes
- Rains fills up dams in Rajasthan, water crisis unlikely next summer
- Parts of Rajasthan receive rain
- Several Rajasthan districts receive heavy rainfall in 24 hrs
- Rajasthan received 26 pc more-than-normal rain at start of monsoon
- Moderate to heavy rainfall at several places in Rajasthan
- Jeera futures increase
- Coriander futures decline on low demand
- Govt extends stock limits on edible oils, oilseeds till December
- Advertisement -