New Delhi: The country's foreign exchange reserves have come down again. In the week ending August 5, 2022, it declined by $ 897 million to $ 572.978 billion. During this period, the value of gold reserves increased by $ 671 million to $ 40.313 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.
According to the Reserve Bank data, during the week ended July 29, forex reserves increased by $ 2.315 billion to $ 573.875 billion. For the week ending July 22, 2022, it had declined by $1.152 billion to $571.56 billion.
According to the weekly data released by RBI on Friday, this decline in forex reserves in the week ended August 5 was mainly due to the reduction in Foreign Currency Assets (FCA), which is a significant part of the total currency reserves. Is part of.
The Reserve Bank said that India's FCA declined by $ 1.611 billion to $ 509.646 billion in the reporting week. FCAs, expressed in dollars, also include the effect of an increase or decrease in the value of other foreign currencies such as the euro, pound, and yen held in foreign exchange reserves.
According to the data, the value of gold reserves increased by $ 671 million to $ 40.313 billion during this period. In the reporting week, the country's SDR (Special Drawing Rights) in the International Monetary Fund (IMF) increased by $ 46 million to $18.031 billion. The country's currency reserves kept in the IMF declined by $ 3 million to $ 4.987 billion.
