Mumbai: The country’s foreign exchange reserves fell $ 997 million to reach $ 638.646 billion in the week ended September 24, RBI data showed on Friday.
The previous week ended September 17, 2021, reserves had fallen $ 1.47 billion to $ 639.642 billion.
Kitty Forex has surged by $ 8.895 billion to a lifetime of $ 642.453 billion in the week ended September 3, 2021.
During the reporting week ended September 24, 2021, a decrease in reserves was due to a decrease in foreign currency assets (FCAS), the main component of the total backup, accordingly Weekly data by the Reserve Bank of India (RBI).
FCAS fell $ 1.255 billion to $ 576.731 billion, data showed.
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 rose $ 327 million to $ 37.43 billion in week reporting.
Special image rights (SDR) with the International Monetary Fund (IMF) fell $ 55 million to $ 19,379 billion.
The position of the country’s reserves with the IMF also decreased by USD 13 million to USD 5,106 billion, according to the data.