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India’s foreign exchange reserves dip down by $77 mn – Social News XYZ


India's foreign exchange reserves dip down by $77 mn

Mumbai, Dec 17 (SocialNews.XYZ) India’s foreign exchange reserves inched lower by $77 million during the week ended December 10.

The Reserve Bank of India’s forex reserves decreased to $635.828 billion from $635.905 billion during the week ended December 3.


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 $321 million to $572.860 billion. However, the value of the country’s gold reserves rose by $291 million to $38.709 billion.

The SDR value fell by $37 million to $19.089 billion, and the country’s reserve position with the IMF slipped by $10 million to $5.170 billion.

Source: IANS

India's foreign exchange reserves dip down by $77 mn

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 dip down by $77 mn – Social News XYZ

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