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India’s foreign exchange reserves fell by $ 1.77 billion.9th autumn every week

Mumbai (Maharashtra) [India]May 14 (ANI): According to data from the Reserve Bank of India (RBI), India’s foreign exchange reserves for the week ending May 6 fell $ 1.77 billion to $ 595.95 billion. ..

This is the ninth week’s decline in the country’s foreign exchange reserves. During the week ending April 29, foreign exchange reserves fell $ 2.695 billion to $ 597.728. This is the lowest level of India’s foreign exchange reserves in a year. India’s foreign exchange reserves fell sharply after reaching an all-time high of $ 642,453 million on September 3, 2021.

According to the Reserve Bank of India’s Weekly Statistics Supplement, India’s foreign exchange reserves fell $ 1,774 million to $ 59,594 million in the week ending May 6.

India’s foreign currency assets, the largest component of foreign exchange reserves, fell $ 1,968 million to $ 538,055 million during the week, according to RBI data.

Foreign currency assets represented in US dollars include the effects of rising or falling non-dollar currencies such as the euro, pound sterling and the Japanese yen held in foreign exchange reserves.

India’s reserve position at the International Monetary Fund (IMF) fell $ 11 million to $ 499 billion in the week ending May 6.

However, the value of the gold reserve increased by $ 135 million to $ 41,739 million during the week.

According to RBI data, the value of India’s Special Drawing Rights (SDR) by the International Monetary Fund increased by $ 70 million to $ 18.37 billion in the week ending May 6. (ANI)

India’s foreign exchange reserves fell by $ 1.77 billion.9th autumn every week

Source link India’s foreign exchange reserves fell by $ 1.77 billion.9th autumn every week

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