Wednesday, October 27, 2021
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India's forex reserves decline by over $1.4 bn

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Mumbai | Friday, 2021 10:15:06 PM IST
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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