ANI
15 Jan 2022, 03:18 GMT+10
Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.
The forex reserves have declined by nearly $10 billion from the all-time high of $642.453 billion recorded for the week ended September 3, 2021.
The country's forex reserves had dropped by $1.466 billion to $633.614 billion recorded for the week ended December 31.
According to the RBI's Weekly Statistical Supplement, the decline was recorded in all categories of the forex reserves during the week ended January 7, 2022.
The forex reserves consist of foreign currency assets, gold, SDRs and reserve position in the International Monetary Fund (IMF).
The foreign currency assets declined by $497 million to $569.392 billion. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar currencies like Euro, UK's Pound sterling, Japanese Yen held in the foreign exchange reserves.
The value of India's gold reserves declined by $360 million to $39.044 billion for the week under review.
India's Special Drawing Rights (SDRs) with the International Monetary Fund fell by $16 million to $19.098 billion.
India's reserve position with the IMF fell by $5 million to $5.202 billion during the week ended January 7, 2022. (ANI)
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationGUAM: After Typhoon Mawar brought strong winds and torrential rains, large areas of the US Western Pacific territory of Guam ...
NEW YORK CITY, New York: In one of the largest known Chinese cyber-espionage campaigns against American critical infrastructure, a state-sponsored ...
SAN FRANCISCO, California: Sam Altman, CEO of ChatGPT-maker OpenAI, has said the company could consider leaving Europe if it could ...
WASHINGTON D.C.: Reuters has reported that US President Joe Biden's nominee for a federal judge position in Kansas, Jabari Wamble, ...
WASHINGTON D.C.: Jennifer Homendy, head of the US National Transportation Safety Board, has said the US will investigate recent near ...
MIAMI, Florida: Four Chinese citizens living in Florida have sued the state over a new law barring citizens of China ...
CHICAGO, Illinois: Boosted by an ongoing shortage of previously owned houses on the market and a considerable drop in prices ...
Among the season-high seven home runs the Houston Astros slugged in their 10-1 road win over the Oakland Athletics on ...
Isaac Paredes homered and drove in four runs, and Wander Franco chipped in with two hits and two RBIs to ...
William Contreras hit a two-run homer and drove in three runs Sunday afternoon to help the Milwaukee Brewers beat the ...
Texas is set to hire former Wisconsin and Pitt head coach Paul Chryst as an offensive analyst and special assistant ...
William Contreras hit a two-run homer and drove in three runs Sunday afternoon to help the Milwaukee Brewers past the ...