India’s foreign exchange reserves fall by $4.6 billion

New Delhi [India], June 17 (ANI): India’s foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion to $596.46 billion, Reserve Bank of India (RBI) data showed on Friday.
The previous week that ended on June 3, 2022, the total foreign exchange reserves were at $601.05 billion.
The latest decline in the reserves was on account of a sizable fall in Foreign Currency Assets (FCA), which is a major component of the overall reserves.
The FCA declined by $4.53 billion to $532.24 billion during the week, the RBI data showed.
Gold reserves dipped marginally during the week, while the Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dropped by $23 million to $18.38 billion.
Further, the country’s reserve position with the IMF decreased by $40 million to $4.99 billion. (ANI)