अब आप न्यूज्ड हिंदी में पढ़ सकते हैं। यहाँ क्लिक करें
Home » IANS » India’s forex reserves down by over $613 mn

India’s forex reserves down by over $613 mn

Published on :

Mumbai, Dec 22 (IANS) India’s foreign exchange (forex) reserves depleted by $613.9 million during the week ended December 14, official data showed on Friday.

According to the Reserve Bank of India (RBI)’s weekly statistical supplement, the overall forex reserves decreased to $393.12 billion from $393.73 billion reported for the week ended December 7.

India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India’s position with the International Monetary Fund (IMF).

FCAs, the largest component of the forex reserves, edged lower by $631.6 million to $367.86 billion during the week ended December 14.

Besides the US dollar, FCAs consist of 20-30 per cent of other major global currencies.

The RBI’s weekly data showed that the value of the country’s gold reserves rose by $37.2 billion to $21.187 billion.

However, the SDR value went down by $7 million to $1.45 billion, whereas the country’s reserve position with the IMF declined by $12.5 million to $2.617 billion.


(This story has not been edited by Newsd staff and is auto-generated from a syndicated feed.)
(For more latest news and updates Like us on Facebook, Follow us on Twitter. Download our mobile app )

Latests Posts