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Foreign exchange reserves slip by $290 mn
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SME Times News Bureau | 02 Jan, 2021
India's foreign exchange reserves slipped by $290 million during the week ended December 25.
According
to the Reserve Bank of India's weekly statistical supplement, the
reserves declined to $580.841 billion from $581.131 billion reported for
the week ended December 18.
India's forex reserves comprise of
foreign currency assets (FCAs), gold reserves, special drawing rights
(SDRs), and the country's reserve position with the International
Monetary Fund (IMF).
On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $253 million to $537.474 billion.
Similarly, the value of the country's gold reserves declined by $308 million to $36.711 million.
Besides, the SDR value inched lower by $4 million at $1.510 billion.
However, the country's reserve position with the IMF increased by $276 million to $5.145 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 13 Aug, 2022 |
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