ANI
14 Jan 2022, 22:48 GMT+10
Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.
The forex reserves have declined by nearly $10 billion from the all-time high of $642.453 billion recorded for the week ended September 3, 2021.
The country's forex reserves had dropped by $1.466 billion to $633.614 billion recorded for the week ended December 31.
According to the RBI's Weekly Statistical Supplement, the decline was recorded in all categories of the forex reserves during the week ended January 7, 2022.
The forex reserves consist of foreign currency assets, gold, SDRs and reserve position in the International Monetary Fund (IMF).
The foreign currency assets declined by $497 million to $569.392 billion. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar currencies like Euro, UK's Pound sterling, Japanese Yen held in the foreign exchange reserves.
The value of India's gold reserves declined by $360 million to $39.044 billion for the week under review.
India's Special Drawing Rights (SDRs) with the International Monetary Fund fell by $16 million to $19.098 billion.
India's reserve position with the IMF fell by $5 million to $5.202 billion during the week ended January 7, 2022. (ANI)Get a daily dose of Brazil Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Brazil Sun.
More InformationRepresentatives of women's organizations and networks that were part of the first delegation of gender experts at the talks in Havana...
The 17th BRICS summit was more than a photo op. It was a coordinated rejection of Western power and a declaration of intent A few...
The 17th BRICS summit was more than a photo op. It was a coordinated rejection of Western power and a declaration of intent A few...
President Lula da Silva has pushed back, vowing reciprocal action and defending the countrys court system US President Donald Trump...
President Lula da Silva has pushed back, vowing reciprocal action and defending the country's court system ...
(Photo credit: Vincent Carchietta-Imagn Images) Inter Miami CF are reportedly in talks to sign Atletico Madrid midfielder Rodrigo...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...