India’s foreign exchange dip lower by $160 mn

Mumbai, Dec 24 : Indias foreign exchange reserves dipped lower by $160 million during the week ended December 17.The Reserve Bank of Indias forex reserves decreased to $635.

667 billion from $635.828 billion during the week ended December 10.Indias forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the countrys reserve position with the IMF.On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $645 million to $572.216 billion.However, the value of the countrys gold reserves rose by $475 million to $39.183 billion.The SDR value remained static at $19.089 billion, while the countrys reserve position with the IMF rose by $9 million to $5.179 billion.

Indias Foreign Exchange Drops by $160 M

Weekly, FCAs (the largest part of forex reserves) fell by $645 Million to $572.216 BillionThe countrys total gold reserve increased by $475million to $39.183billion.While the SDR value was static at $19.089 trillion, the reserve position of the nation with the IMF increased by $9 million to $5.179Billion.#Indias #eign #exchange #Mumbai #Mumbai .