MUMBAI: India’s foreign exchange reserves fell further by $3.794 billion to $586.908 billion in the week ended September 29, the Reserve Bank said on Friday. In the previous reporting week, total reserves had fallen by $2.335 billion to $590.702 billion on September 22.
It may be noted that the country’s foreign exchange coffers had reached a record high of $645 billion as of October 2021. Reserves took a hit as the central bank stepped in to defend the rupee amid pressure mainly from global developments since last year.
For the week ended September 29, foreign currency assets, a key component of reserves, fell by $3.127 billion to $520.236 billion, according to the Weekly statistical supplement released by the RBI.
When expressed in dollars, foreign currency assets include the effect of the appreciation or depreciation of non-U.S. units such as the euro, pound and yen held in foreign exchange reserves.
Gold reserves fell by $576 million to $43.731 billion, the RBI said.
Special Drawing Rights (SDRs) fell by $74 million to $17.939 billion. topbank said.
The country’s reserve position with the IMF also fell by $18 million to $5.002 billion in the reporting week, central bank data showed.
It may be noted that the country’s foreign exchange coffers had reached a record high of $645 billion as of October 2021. Reserves took a hit as the central bank stepped in to defend the rupee amid pressure mainly from global developments since last year.
For the week ended September 29, foreign currency assets, a key component of reserves, fell by $3.127 billion to $520.236 billion, according to the Weekly statistical supplement released by the RBI.
When expressed in dollars, foreign currency assets include the effect of the appreciation or depreciation of non-U.S. units such as the euro, pound and yen held in foreign exchange reserves.
Gold reserves fell by $576 million to $43.731 billion, the RBI said.
Special Drawing Rights (SDRs) fell by $74 million to $17.939 billion. topbank said.
The country’s reserve position with the IMF also fell by $18 million to $5.002 billion in the reporting week, central bank data showed.
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