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India’s foreign exchange reserves down over $1.7 bn – Social News XYZ


India's foreign exchange reserves down over $1.7 bn

Mumbai, Dec 10 (SocialNews.XYZ) India’s foreign exchange reserves fell by $1.783 billion during the week ended December 3.

The Reserve Bank of India’s forex reserves decreased to $635.905 billion from $637.687 billion reported for the week.


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 $1.483 billion to $573.181 billion.

Similarly, the value of the country’s gold reserves fell by $407 million to $38.418 billion.

However, the SDR value rose by $90 million to $19.126 billion, and the country’s reserve position with the IMF was up $17 million to $5.180 billion.

Source: IANS

India's foreign exchange reserves down over $1.7 bn

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz





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India’s foreign exchange reserves down over $1.7 bn – Social News XYZ

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