The SDR value remained stable at $19.114 billion.
Highlight
- India’s foreign exchange reserves declined by $ 1.466 billion during the week ended December 31.
- Reserve Bank of India’s foreign exchange reserves declined to $633.614 billion from $635.080 billion.
- Similarly, the country’s reserve position with the IMF stood at $5.207 billion.
India’s foreign exchange reserves declined by $1.466 billion during the week ended December 31, 2021. Reserve Bank of India’s foreign exchange reserves declined to $633.614 billion from $635.080 billion.
The country’s foreign exchange reserves include foreign exchange assets (FCA), gold reserves, SDRs and the country’s reserve position with the IMF. On a weekly basis, FCA, the largest component of forex reserves, declined by $1.480 billion to $569.889 billion.
However, the value of the country’s gold reserves rose by $14 million to $39.405 billion. The SDR value remained stable at $19.114 billion. Similarly, the country’s reserve position with the IMF stood at $5.207 billion.
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