Forex reserves down by USD 1763 bn to USD 63019 bn
Mumbai Feb 18 PTI The countrys foreign exchange reserves declined by USD 1763 billion to USD 63019 billion in the week ended on February 11 the RBI data showed In the previous week ended February 4 the reserves had risen by USD 2198 billion to USD 631953 billion It touched a lifetime high of USD 642453 billion in the week ended on September 3 2021 During the reporting week the fall in the reserves was on account of a decline in the foreign currency assets FCA a major component of the overall reserves FCA dipped by USD 2764 billion to USD 565565 billion in the week ended February 11 Expressed in dollar terms the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro pound and yen held in the foreign exchange reserves Gold reserves increased by USD 952 million to USD 40235 billion in the reporting week the data showed The special drawing rights SDRs with the International Monetary Fund IMF increased by USD 65 million to USD 19173 billion RBI said The countrys reserve position with the IMF decreased by USD16 million to USD 5217 billion in the reporting week the data showed PTI HV MR
Mumbai Feb 18 PTI The countrys foreign exchange reserves declined by USD 1763 billion to USD 63019 billion in the week ended on February 11 the RBI data showed In the previous week ended February 4 the reserves had risen by USD 2198 billion to USD 631953 billion It touched a lifetime high of USD 642453 billion in the week ended on September 3 2021 During the reporting week the fall in the reserves was on account of a decline in the foreign currency assets FCA a major component of the overall reserves FCA dipped by USD 2764 billion to USD 565565 billion in the week ended February 11 Expressed in dollar terms the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro pound and yen held in the foreign exchange reserves Gold reserves increased by USD 952 million to USD 40235 billion in the reporting week the data showed The special drawing rights SDRs with the International Monetary Fund IMF increased by USD 65 million to USD 19173 billion RBI said The countrys reserve position with the IMF decreased by USD16 million to USD 5217 billion in the reporting week the data showed PTI HV MR
