In the previous week ended December 10, the reserves had decreased by $ 77 million to $ 635.828 billion.
PTI
December 24, 2021 / 06:54 PM IST
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The country’s foreign exchange reserves declined by $ 160 million to stand at $ 635.667 billion in the week to December 17, RBI data showed on Friday.
In the previous week ended December 10, the reserves had decreased by $ 77 million to $ 635.828 billion.
It touched a lifetime high of $ 642.453 billion in the week ended September 3, 2021.
During the reporting week ended December 17, the dip in the forex kitty was on account of a decline in foreign currency assets (FCAs), a major component of the overall reserves.
FCAs tumbled by $ 645 million to $ 572.216 billion, weekly data released by the Reserve Bank of India (RBI) 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 rose by $ 475 million to $ 39.183 billion in the reporting week.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at $ 19.089 billion.
The country’s reserve position with the IMF increased by $ 9 million to $ 5.179 billion in the reporting week, as per the data.
