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India's forex reserves decline by over $1.4 bn

By IANS | Published: September 24, 2021 9:57 PM

Mumbai, Sep 24 India's foreign exchange reserves fell by $1.470 billion during the week ended September 17.The ...

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Mumbai, Sep 24 India's foreign exchange reserves fell by $1.470 billion during the week ended September 17.

The Reserve Bank of India's (RBI) forex reserves declined to $639.642 billion from $641.113 billion reported for the week ended September 10.

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 $892 million to $577.986 billion.

Similarly, the value of the country's gold reserves declined by $567 million to $37.103 billion.

The SDR value slipped by $4 million to $19.434 billion.

In addition, the country's reserve position with the IMF inched down by $8 million to $5.119 billion.

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: indiamumbaiimfReserve Bank Of IndiaThe finance ministry of indiaMonetary policy committee of the rbiCentral board of reserve bank of indiaReserve bank of india governorIndiFinance ministry and reserve bank of india
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