Business News
Home > Business News
India's foreign exchange reserves down over $1.7 bn
TIWN
TIWN

PHOTO : TIWN
Mumbai, Dec 11 (TIWN) India's foreign exchange reserves fell by $1.783 billion during the week ended December 3.
The Reserve Bank of India's forex reserves decreased to $635.905 billion from $637.687 billion reported for the week.
India's forex reserves comprise 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 $1.483 billion to $573.181 billion.
Similarly, the value of the country's gold reserves fell by $407 million to $38.418 billion.
However, the SDR value rose by $90 million to $19.126 billion, and the country's reserve position with the IMF was up $17 million to $5.180 billion.
Add your Comment
Comments (0)
More Business News
- Mexico’s 50% Tariff Rise to hit $1 Billion India Car Exports
- Indian Railways Deploys AI Enabled Intrusion Detection System to Prevent Elephant Collisions in 141 RKms on NF Railway
- Gautam Adani meets Andhra Pradesh CM Chandrababu Naidu in Amaravati
- Indian Rupee Plummets to Record Low Past 90 per US Dollar
- Trump Administration Removes Tariffs on Over 200 Food Items Including Beef


