Foreign exchange reserves dip down by $77 mn

Top Stories

»	Titan, Kalyan Jewellers, other gold-linked stocks plunge up to 12 pc after PM Modi’s appeal
»	Economists don’t expect RBI to exhibit any urgency to tighten policy rate
»	Gold, silver prices gain up to 3 pc on weak dollar, oil prices
»	Strong reserves, stable policy make India standout in emerging markets: Moody's
»	Sensex, Nifty slip in early trade on fresh geopolitical jitters

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.