Business News
Home > Business News
India's forex reserves decline by over $1.7 bn
TIWN
TIWN

PHOTO : TIWN
Mumbai, Feb 19 (TIWN) India's foreign exchange reserves fell by $1.763 billion during the week ended February 11.
The Reserve Bank of India's forex reserves decreased to $630.190 billion from $631.953 billion reported for February 4.
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 $2.764 billion to $565.565 billion. However, the value of the country's gold reserves increased by $952 million to $40.235 billion.
The SDR value also rose by $65 million to $19.173 billion. However, the country's reserve position with the IMF fell by $16 million to $5.217 billion.
Add your Comment
Comments (0)
More Business News
- Banks Move Toward Common Framework for Project Finance Lending
- Tata’s Boardroom Battle: Why Ratan Tata’s Death Changed the Equation
- Why Is Apple Making iPhone 18 Pro in India and Flying It to America? The Bigger Strategy Behind ‘Made in India’
- Foreign Investors Withdraw Nearly Rs. 3,000 Crore From Indian Equities
- Crude Oil Crosses $100, Raising Pressure on India's Economy


