Mumbai: The country’s foreign exchange reserves decreased by $ 1.581 billion to stand at $ 611.149 billion for the week ended July 23, RBI data showed on Friday.
Reserve has reached a lifetime high of $ 612.730 billion after up $ 835 million in the previous week ended July 16, 2021.
In week reporting, the decline in reserves was mainly due to a decrease in foreign currency assets (FCAS), a main component of the total backup, according to data Weekly by Reserve Bank of India (RBI).
FCAS fell $ 1.12 billion to $ 567.628 billion.
Stated in the term dollar, foreign currency assets include the effect of appreciation or depreciation of non-US units such as the euro, pounds and yen held in foreign exchange reserves.
Gold reserves fell $ 449 million to $ 36.884 billion on week report.
Special image rights (SDR) with the International Monetary Fund (IMF) dipped by $ 3 million at $ 1.546 billion.
The position of the country’s reserves with the IMF also decreased by $ 9 million to $ 5.091 billion in week reporting, according to data.
Forex reserves fell $ 1.581bn to $ 611,149 billion
