Friday, January 28, 2022
News

India's forex reserves drop by USD 878 million to USD 632.73 billion

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | January 14, 2022 10:20:25 PM IST
India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.

The forex reserves have declined by nearly $10 billion from the all-time high of $642.453 billion recorded for the week ended September 3, 2021.

The country's forex reserves had dropped by $1.466 billion to $633.614 billion recorded for the week ended December 31.

According to the RBI's Weekly Statistical Supplement, the decline was recorded in all categories of the forex reserves during the week ended January 7, 2022.

The forex reserves consist of foreign currency assets, gold, SDRs and reserve position in the International Monetary Fund (IMF).

The foreign currency assets declined by $497 million to $569.392 billion. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar currencies like Euro, UK's Pound sterling, Japanese Yen held in the foreign exchange reserves.

The value of India's gold reserves declined by $360 million to $39.044 billion for the week under review.

India's Special Drawing Rights (SDRs) with the International Monetary Fund fell by $16 million to $19.098 billion.

India's reserve position with the IMF fell by $5 million to $5.202 billion during the week ended January 7, 2022. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Google to invest USD 1 billion in partne...
Equity indices open in green, Sensex up ...
Revenue Growth of 25 percent to Rs. 43 C...
Buy Samsung Smart TVs on EMIs as low as ...
Income Tax refunds of Rs 1.62 lakh crore...
Kamala Ankibai Ghamandiram Gowani Trust ...
More...
 
INDIA WORLD ASIA
Not scared of vote bank politics of Oppo...
Disabled-friendly battery-operated vehic...
UP polls: RLD chief denies possibility o...
RRB NTPC Protests: 4 arrested for peltin...
Jute Mill workers block train over 'temp...
UP Congress candidate Farah Naeem resign...
More...    
 
 Top Stories
Shruti Haasan's first look from 'Sa... 
Andhra Pradesh: Chariot allegedly s... 
India, Philippines to sign USD 375 ... 
Will fight till the end to enter to... 
Revenue Growth of 25 percent to Rs.... 
Netflix will continue to face 'Quee... 
India, Philippines to sign USD 375 ... today 
Elon Musk says Biden treats America...