News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

This article was first published 2 years ago
Rediff.com  » Business » Forex reserves down by $1.76 bn to $630.19 bn

Forex reserves down by $1.76 bn to $630.19 bn

Source: PTI
February 18, 2022 23:06 IST
Get Rediff News in your Inbox:

The country's foreign exchange reserves declined by $1.76 billion to $630.19 billion in the week ended on February 11, the RBI data showed.

In the previous week ended February 4, the reserves had risen by $2.2 billion to $631.95 billion.

It touched a lifetime high of $642.45 billion in the week ended on September 3, 2021.

 

During the reporting week, the fall in the reserves was on account of a decline in the foreign currency assets (FCA), a major component of the overall reserves.

FCA dipped by $2.76 billion to $565.56 billion in the week ended February 11.

Expressed in dollar terms, the foreign currency assets 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 $952 million to $40.23 billion in the reporting week, the data showed.

The special drawing rights (SDRs) with the International Monetary Fund (IMF) increased by $65 million to $19.17 billion, RBI said.

The country's reserve position with the IMF decreased by $16 million to $5.217 billion in the reporting week, the data showed.

Photograph: Mohamed Abd El Ghany/Reuters

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!