Categories: Business

Forex reserves fell $ 1.581bn to $ 611,149 billion

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.

news2in

Share
Published by
news2in

Recent Posts

44 ordered to attack the procession

Ludhiana: The police have submitted FIR to four identified and at least 40 unknown attackers…

3 years ago

Punjab: Police Reject conspiracy theory in the case of Deep Sidhu

Sonīpat / Ludhiana / Ambala: Actor Punjabi - Activist Activist Deep Sidhu, who died in…

3 years ago

Punjab: Hidden Strength Working Behind PM Narendra Modi, Arvind Kejriwal, said Rahul Gandhi

PATIALA / MANSA / BARNALA: Attacking Prime Minister Narendra Modi and AAP National Convener Kejriawal,…

3 years ago

BJP made AAP to endanger the Congress, said Ajay

Jalandhar: BJP and AAM AAM AADMI parties are one party, Secretary General of the Ajay…

3 years ago

Our job is to make Punjab No. 1 State: Meenakshi Lekhi

Ludhiana: Minister of Union Culture Meenakshi Lekhi while campaigning to support the BJP candidate from…

3 years ago

Feb 20 is an opportunity to change the destiny of Punjab and his children: Bhagwant Mann

Machhiwara (Ludhiana): AAM AAM AADMI Party (AAP) Head of Punjab Candidate and Members of Parliament…

3 years ago