India's foreign exchange reserves down by over $760mn
Mumbai
19-November-2021
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. - IANS
More Headlines
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth
BJP Loses Veteran Malikayya Guttedar to Congress Ahead of Lok Sabha Elections
ED Attaches Rs 97.79 Crore Worth of Properties Belonging to Raj Kundra Under PMLA
ISRO's Former Director Cites Probability Theory in Support of Possible Alien Existence
Gaming Startup LightFury Raises $8.5 Million to Develop AAA Titles in India and UK
Wow! Momo Raises Rs 70 Crore, Following Rs 350 Crore Investment to Extend Growth