India’s forex reserves fall by $678 mn #Indias #Mumbai

Mumbai, Jan 28 : Indias foreign exchange reserves fell by $678 million during the week ended January 21.The Reserve Bank of Indias forex reserves decreased to $634.

287 billion from $634.965 billion reported for January 14.The countrys forex reserves comprises of 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 $1.155 billion to $569.582 billion.The SDR value fell by $68 million to $19.152 billion and the countrys reserve position with the IMF declined by $22 million to $5.216 billion.However, the value of the countrys gold reserves increased by $567 million to $40.337 billion.#Indias #Mumbai #Jan #Mumbai .