City
Epaper

India's forex reserves fall by $3 bn to $561.046 bn

By IANS | Updated: September 3, 2022 13:05 IST

Mumbai, Sep 3 India's foreign exchange reserves fell by $3.007 billion to $561.046 billion in the week ending ...

Open in App

Mumbai, Sep 3 India's foreign exchange reserves fell by $3.007 billion to $561.046 billion in the week ending August 26, according to data from the Reserve Bank of India (RBI).

The fall in the reserves was mainly attributed to fall in foreign currency assets (FCA).

FCA fell by $2.571 billion to $498.645 billion during the reporting week.

Gold reserves decreased by $271 million to $39.643 billion, the data revealed.

The Special Drawing Rights (SDRs) dropped by $155 million to $17.832 billion.

The country's reserve position with the IMF also dipped by $10 million to $4.926 billion in the reporting week, the data showed.

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: indiamumbaiReserve Bank Of IndiaFCAThe 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
Open in App

Related Stories

MumbaiUniversity of Bristol Chooses Mumbai for Its First Overseas Campus, Set to Open in September 2026

MumbaiMumbai: Viral Video Shows Foreigner Mobbed for Selfies, Sparks Online Outcry Over Tourist Safety

MumbaiBig Boost for Mumbai Public Transport: 4 New Metro Lines and 'Mumbai One' App to Launch by End of 2025

MumbaiMumbai: Violence Erupts in Goregaon After Marathi-Speaking Customer is Abused; MNS Workers Vandalize Office

MumbaiMumbai Weather Update: Cloudy Skies, Moderate Rainfall Expected Across City and Suburbs

International Realted Stories

InternationalEtihad Airways accelerates growth with record aircraft deliveries

InternationalAbdullah bin Zayed welcomes UK's announcement of its intention to recognise State of Palestine

InternationalBangladesh minority group condemns communal violence in northern Gangacora

InternationalChina hits back at US over tariff threats, says "coercion, pressuring will not achieve anything"

InternationalReligious fanaticism knows no bounds in Bangladesh under Yunus