In the previous week ended December 24, the reserves dipped by $ 587 million to $ 635.08 billion.
PTI
January 07, 2022 / 06:26 PM IST
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The country’s foreign exchange reserves declined by $ 1.466 billion to $ 633.614 billion in the week ended December 31, RBI data showed.
In the previous week ended December 24, the reserves dipped by $ 587 million to $ 635.08 billion.
It touched a life-time high of $ 642.453 billion in the week ended September 3, 2021.
During the reporting week ended December 31, the decline in foreign exchange reserves was on account of a fall in foreign currency assets (FCA), a major component of the overall reserves, Reserve Bank of India’s (RBI) weekly data released on Friday showed.
FCA declined by $ 1.48 billion to $ 569.889 billion in the reporting week, the RBI 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 rose by $ 14 million to $ 39.405 billion in the reporting week, the data showed.
The special drawing rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at $ 19.114 billion in the reporting week, the RBI said.
The country’s reserve position with the IMF was also unchanged at $ 5.207 billion in the reporting week, the data showed.
