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Foreign exchange reserves dip down by $77 mn
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SME Times News Bureau | 17 Dec, 2021
India's foreign exchange reserves inched lower by $77 million during the week ended December 10.
The Reserve Bank of India's forex reserves decreased to $635.828 billion from $635.905 billion during the week ended December 3.
India's
forex reserves comprise foreign currency assets (FCAs), gold reserves,
SDRs, and the country's reserve position with the IMF.
On a
weekly basis, FCAs, the largest component of the forex reserves, edged
lower by $321 million to $572.860 billion. However, the value of the
country's gold reserves rose by $291 million to $38.709 billion.
The
SDR value fell by $37 million to $19.089 billion, and the country's
reserve position with the IMF slipped by $10 million to $5.170 billion.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 27 Apr, 2022 |
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