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India's foreign exchange reserves declined by $1.466 billion during the week ended December 31, 2021.
The Reserve Bank of India's forex reserves decreased to $633.614 billion from $635.080 billion. The country's forex reserves comprises of 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 $1.480 billion to $569.889 billion. However, the value of the country's gold reserves inched up by $14 million to $39.405 billion. The SDR value remained flat at $19.114 billion.Similarly, the country's reserve position with the IMF was constant at $5.207 billion. --IANS rv/vd ( 119 Words) 2022-01-07-20:48:03 (IANS)
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