FCA fell $1.48 billion to $569,889 billion in reporting week, RBI data shows
RBI data showed the country’s foreign exchange reserves fell by $1.466 billion to $633.614 billion in the week ended Dec.
During the week ending December 24, reserves fell by $587 million to $635.08 billion. It touched a lifetime high of $642,453 billion in the week ending September 3, 2021.
For the reporting week ended 31 December, foreign exchange reserves fell due to foreign exchange assets (FCA), a key component of overall reserves decline, the weekly data of the Reserve Bank of India ( RBI) released on Friday showed.
FCA fell $1.48 billion to $569,889 billion in the reporting week, RBI data showed. Expressed in dollars, foreign currency assets include the impact on the price or depreciation of non-U.S. units such as euros, pounds, and yen held in foreign exchange reserves.
The data showed that gold reserves increased by $14 million to $39,405 billion during the reporting week. The RBI said special drawing rights (SDRs) with the International Monetary Fund (IMF) were unchanged at $19.144 billion during the reporting week.
The data showed that the country’s reserve position with the IMF was also unchanged at $5.207 billion during the reporting week.
