In the previous week ended November 19, the reserves had increased by $ 289 million to $ 640.401 billion.
PTI
December 03, 2021 / 07:34 PM IST
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The country’s foreign exchange reserves declined by $ 2.713 billion to $ 637.687 billion in the week to November 26, RBI data showed.
In the previous week ended November 19, the reserves had increased by $ 289 million to $ 640.401 billion.
It touched a lifetime high of $ 642.453 billion in the week ended September 3, 2021.
In the reporting week ended November 26, the dip in the foreign exchange reserves was on account of a decline in foreign currency assets (FCA), a major component of the overall reserves and gold reserves, Reserve Bank of India’s (RBI) weekly data released on Friday showed.
FCA dropped by $ 1.048 billion to $ 574.664 billion in the reporting week, the data showed.
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 were down by $ 1.566 billion to $ 38.825 billion in the reporting week, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $ 74 million to $ 19.036 billion.
The country’s reserve position with the IMF declined by $ 25 million to $ 5.162 billion in the reporting week, the data showed.
