The news is by your side.
AED
$0.27
0%
AFN
$0.01
-1.38%
ALL
$0.01
-0.49%
AMD
$0.00
-0.37%
ANG
$0.56
-0%
AOA
$0.00
+0.09%
ARS
$0.01
+0.13%
AUD
$0.68
+1.65%
AWG
$0.56
-0%
AZN
$0.59
0%

Forex reserves down by $1.169 billion to $637.477 billion


The country’s dipped by USD 1.169 billion to stand at USD 637.477 billion in the week ended October 1, data showed on Friday.

In the previous week ended September 24, 2021, the reserves had declined by USD 997 million to USD 638.646 billion. The reserves had surged by USD 8.895 billion to a lifetime high of USD 642.453 billion in the week ended September 3, 2021.

During the reporting week ended October 1, 2021, the dip in the kitty was on account of a fall in the foreign currency assets (FCAs), a major component of the overall reserves.

FCAs declined by USD 1.28 billion to USD 575.451 billion, as per weekly data by the Reserve Bank of India (RBI).

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

Gold reserves were up by USD 128 million to USD 37.558 billion in the reporting week, the data showed.

The special drawing rights (SDRs) with the International Monetary Fund (IMF) declined by USD 138 million to USD 19.24 billion.

The country’s reserve position with the IMF increased by USD 122 million to USD 5.228 billion.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor





Read More : Forex reserves down by $1.169 billion to $637.477 billion

You might also like
Leave A Reply

Your email address will not be published.