Forex reserves fall to USD 634.287 bn
PTI, Jan 28, 2022, 6:59 PM IST
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 includes 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.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Paytm to file for new license, says bullish about its roadmap for general insurance
Cryptos can lead to dollarisation of economy: RBI officials to par panel
Paytm says lending biz now at annualised run-rate of Rs 20,000 cr
Created over 11.6 lakh jobs; enabled USD 5 billion in exports: Amazon India
RBI not ‘behind the curve’ in hiking rate; never wise to overreact to shocks: Ashima Goyal
MUST WATCH
Latest Additions
Social media yanking shooting videos faster – if not by much
Bantwal: Cattle traffickers injure SI, flee from spot; Three cattle rescued
Active COVID-19 cases dip to 17,317
Tripura: Eleven MLAs to take oath as ministers
Paytm to file for new license, says bullish about its roadmap for general insurance