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India's foreign exchange reserves fell by $1.470 billion during the week ended September 17.
The Reserve Bank of India's (RBI) forex reserves declined to $639.642 billion from $641.113 billion reported for the week ended September 10. 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 $892 million to $577.986 billion. Similarly, the value of the country's gold reserves declined by $567 million to $37.103 billion. The SDR value slipped by $4 million to $19.434 billion. In addition, the country's reserve position with the IMF inched down by $8 million to $5.119 billion. --IANS rv/sn/vd ( 130 Words) 2021-09-24-21:56:03 (IANS)
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