India’s foreign exchange reserves fall by $908 mn – Social News XYZ
Mumbai, Oct 29 (SocialNews.XYZ) India’s foreign exchange reserves fell by $908 million during the week ended October 22.
The Reserve Bank of India’s (RBI) forex reserves fell to $640.100 billion from $641.008 billion reported for the week ended October 15.
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 $853 million to $577.098 billion.
Similarly, the value of the country’s gold reserves fell by $138 million to $38.441 billion.
However, SDR value rose by $74 million to $19.321 billion, and the country’s reserve position with the IMF increased by $10 million to $5.240 billion.