India's foreign exchange reserves down by over $760mn

By IANS | Published: November 19, 2021 08:21 PM2021-11-19T20:21:03+5:302021-11-19T20:30:15+5:30

Mumbai, Nov 19 India's foreign exchange reserves fell by $763 million during the week ended November 12. The ...

India's foreign exchange reserves down by over $760mn | India's foreign exchange reserves down by over $760mn

India's foreign exchange reserves down by over $760mn

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Mumbai, Nov 19 India's foreign exchange reserves fell by $763 million during the week ended November 12.

The Reserve Bank of India's forex reserves declined to $640.112 billion from $640.874 billion reported for the week ended November 5.

India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $2.094 billion to $575.487 billion.

However, the value of the country's gold reserves gained by $1.461 billion to $40.239 billion.

On the other hand, the SDR value was lower by $103 million to $19.184 billion, while the country's reserve position with the IMF inched-down by $27 million to $5.201 billion.

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