Mumbai. The country’s foreign exchange reserves have come down again. In the week ended January 7, 2022, it declined by $ 878 million to $ 632.736 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.
Earlier, in the week ended December 31, 2021, foreign exchange reserves had declined by $ 1.466 billion to $ 633.614 billion. In the week ended December 24, foreign exchange reserves had declined by $ 587 million to $ 635.08 billion. At the same time, in the week ending December 17, 2021, it was reduced by $ 160 million to $ 635.667 billion.
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FCA down by $497 million
According to the weekly data released by RBI on Friday, this decline in foreign exchange reserves in the week ended January 7 was mainly due to the reduction in Foreign Currency Assets (Foreign Currency Assets), which is a significant part of the total currency reserves. Is. The Reserve Bank said that India’s FCA declined by $ 497 million to $ 569.392 billion in the reporting week. Denominated in dollars, FCA also includes the effect of increase or decrease in the value of other foreign currencies such as euro, pound and yen held in foreign exchange reserves.
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Gold reserve also declined
Apart from this, the value of gold reserves decreased by $ 360 million to $ 39.044 billion in the reporting week. In the reporting week, the country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) decreased by $ 16 million to $ 19.098 billion. The country’s currency reserves in the IMF also declined by $ 5 million to $ 5.202 billion.
Tags: business news in hindi, Gold, RBI, Reserve Bank of India