Mumbai: The country’s foreign exchange reserves declined by $ 8.062 billion to $ 580.252 billion in the week ended July 8. reserve Bank of India Information
In the previous week ended July 1, reserves fell by $ 5.008 billion to $ 588.314 billion.
RBI said that during the reporting week ended July 8, there was a shortfall in reserves due to decline in foreign currency assets (FCA), a major component of the overall reserves, and gold reserves.
FCA declined by $6.656 billion to $518.089 billion in the reporting week reserve Bank of IndiaThe weekly statistical supplement was released on Friday.
Expressed in dollar terms, FCAs include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
Gold reserves fell by $ 1.236 billion to $ 39.186 billion.
In the reporting week ending July 8, the Special Drawing Rights (SDR) with the International Monetary Fund (International Monetary Fund) declined by $122 million to $18.012 billion.
The country’s reserve position with the IMF declined by $49 million to $4.966 billion in the week under review, data showed.
In the previous week ended July 1, reserves fell by $ 5.008 billion to $ 588.314 billion.
RBI said that during the reporting week ended July 8, there was a shortfall in reserves due to decline in foreign currency assets (FCA), a major component of the overall reserves, and gold reserves.
FCA declined by $6.656 billion to $518.089 billion in the reporting week reserve Bank of IndiaThe weekly statistical supplement was released on Friday.
Expressed in dollar terms, FCAs include the effect of appreciation or depreciation of non-US units such as the euro, pound and yen held in foreign exchange reserves.
Gold reserves fell by $ 1.236 billion to $ 39.186 billion.
In the reporting week ending July 8, the Special Drawing Rights (SDR) with the International Monetary Fund (International Monetary Fund) declined by $122 million to $18.012 billion.
The country’s reserve position with the IMF declined by $49 million to $4.966 billion in the week under review, data showed.