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 Australian Herald 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 Australian Herald.
More InformationZAGREB, Croatia: Authorities have said that a weekend bus crash near Varazdin in Croatia killed 12 passengers and injured 32.The ...
WASHINGTON D.C.: The U.S. will participate in a joint military exercise in mid-October with India, less than 62 miles from ...
SEOUL, South Korea: South Korea has launched a domestically manufactured lunar orbiter that took off from Florida's Cape Canaveral Space ...
MOSCOW, Russia: A leading Russian scientist in the field of hypersonic flight, Dr. Alexander Shiplyuk, has been arrested on suspicion ...
LOS ANGELES, California: During a meeting that was disrupted by protesters this week, the Los Angeles City Council voted to ...
WASHINGTON D.C.: The U.S. Justice Department announced this week that former Puerto Rico governor Wanda Vazquez has been arrested in ...
SANTA BARBARA, California - Australian singing sensation and actress Olivia Newtown-John has died at the age of 73."Dame Olivia Newton-John ...
CANBERRA, Australia: Australia's new government has announced plans to ban the development of a coal mine located near the Great ...
Melbourne [Australia], August 11 (ANI): Australia men's cricket team have donated their prize money from their recent tour of Sri ...
Manchester [UK], August 11 (ANI): On this day in 2005, late Australian spin maestro Shane Warne became the first bowler ...
The redevelopment of the 22-hectare Barangaroo precinct on Sydney Harbour has long been a masterclass in poor urban development governance ...
The tragic case of Annie Moylan, who died in Melbourne in 2017 from sepsis, when 18 weeks pregnant, has put ...