|
India's foreign exchange reserves declined by $1.425 billion during the week ended February 25.
The Reserve Bank of India's forex reserves decreased to $631.527 billion from $632.952 billion reported for February 18. 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 $2.228 billion to $564.832 billion. However, the value of the country's gold reserves increased by $958 million to $42.467 billion. On the other hand, the SDR value declined by $122 million to $19.040 billion. The country's reserve position with the IMF also slipped by $34 million to $5.187 billion. --IANS rv/vd ( 133 Words) 2022-03-04-20:26:04 (IANS)
|
