City
Epaper

Foreign exchange reserves fell $2.24 bn to $570.74 bn

By IANS | Updated: August 20, 2022 15:20 IST

Mumbai, Aug 20 The foreign exchange reserves for the week ended August 12 fell $2.24 billion to $5.70.74 ...

Open in App

Mumbai, Aug 20 The foreign exchange reserves for the week ended August 12 fell $2.24 billion to $5.70.74 billion, according to the Reserve Bank of India (RBI) data.

In the reporting week, the fall in reserves was due to decline in Foreign Currency Assets (FCA). It has declined by $2.7 billion to $506.994 billion.

The Special Drawing Rights (SDRs) increased $102 million to $18.133 billion.

The country's reserve position with IMF also rose by $7 million to $4.994 billion in the reporting week, as per the data.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Reserve Bank Of IndiaFCAThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorFinance ministry and reserve bank of indiaNew india strategyReserve bank of india's boardDeputy governor of reserve bank of india
Open in App

Related Stories

BusinessWhat is Universal Banking? RBI Grants This License to a Bank for the First Time in 11 Years

NationalRBI Repo Rate: What is This ‘Repo Rate’ Everyone’s Talking About? And Why Does Your EMI Go Up Because of It?

LifestyleBank Holidays in August 2025: Banks to Remain Closed For 8 Days This Month; Check Dates

MaharashtraMaharashtra: RBI Imposes Rs 6 Lakh Penalty on Motiram Agrawal Jalna Merchants Cooperative (MAJMC) Bank

NationalRBI Appoints Kesavan Ramachandran as Executive Director

International Realted Stories

International'India stands in solidarity with Philippines at this difficult time...': PM Modi condoles loss of lives in Philippines Earthquake

InternationalCalls grow for Pakistan to withdraw troops, end weaponisation of PoJK

InternationalUzbekistan, India condemn Pahalgam terror attack in 9th meeting of India-Uzbekistan Joint Working Group

International'Crucial that all parties commit to an agreement, implementation': UN Secy Gen welcomes Gaza peace plan

InternationalDiaspora celebrates Navratri with fervour, brings forth Indian culture to Panama