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Forex Reserve: Decline in the country’s treasury, foreign investors withdrawing money, know what is the reason?

Foreign Exchange Reserves: The country’s foreign exchange reserves declined by $ 2.713 billion to $ 637.687 billion in the week ended November 26. According to the data released by the Reserve Bank, in the previous week, foreign exchange reserves had increased by $ 289 million to $ 640.401 billion.

The reserve had reached a record level on September 3
Apart from this, the currency reserves had reached the highest level of $ 642.453 billion in the week ended September 3, 2021. The Reserve Bank of India’s weekly data released on Friday said that the reason for the fall in foreign exchange reserves in the reporting week ended November 26 was due to the decline in foreign currency assets, which form a significant part of the total reserves.

RBI released data
According to RBI data, FCA declined by $ 1.048 billion to $ 574.664 billion during the week. Foreign currency assets expressed in dollars also include the movements of non-US currency such as the euro, pound and yen held in foreign exchange reserves.

Gold reserve also declined
During this period, the value of gold reserves decreased by $ 1.566 billion to $ 38.825 billion. Special drawing rights with the International Monetary Fund (IMF) declined by $74 million to $19.036 billion in the reporting week. The country’s currency reserves in the International Monetary Fund decreased by $ 25 million to $ 5.162 billion.

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