Comments
India’s foreign exchange reserves declined marginally by $97.9 million to $322.037 billion in the week to January 23, RBI said today.
In the previous reporting week, the reserves had jumped by a whopping $2.66 billion to $322.135 billion, a new record high.
Foreign currency assets (FCAs), a major constituent of overall reserves, fell by $19.7 million to $297.510 billion in the reporting week, Reserve Bank data showed.
FCAs, expressed in dollar terms, include the effect of appreciation and depreciation of non—US currencies such as the euro, pound and yen, held in reserves.
The country’s gold reserves remained unchanged at $19.377 billion.
Special drawing rights decreased by $61.4 million to $4.047 billion, while India’s reserve position with the IMF dipped by $16.8 million to $1.101 billion during the week, the data showed.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.