India’s foreign exchange reserves decline by $469 million

Mumbai: India’s foreign exchange reserves declined $469 million during the week ended November 27.

According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $574.821 billion from $575.290 billion reported for the week ended November 20.

Also Read

Mamata questions security, hospital treatment after attack on Abhishek Banerjee

2 hours ago

South Delhi building collapse: One killed, eight rescued, rescue operation on

2 hours ago

India’s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs), and the country’s reserve position with the International Monetary Fund (IMF).

However, on a weekly basis, FCAs, the largest component of the forex reserves, edged higher by $352 million to $533.455 billion.

In contrast, the value of the country’s gold reserves decreased by $822 million to $35.192 billion.

The SDR value inched up $2 million at $1.494 billion, whereas the country’s reserve position with the IMF slipped by $1 million to $4.679 billion.

IANS