RBI: Foreign investors are withdrawing money from the market, the government treasury fell by $ 160 million

Forex reserves: The country’s foreign exchange reserves have continued to decline for the fourth consecutive week. According to the data of the Reserve Bank of India, the country’s foreign exchange reserves declined by $ 160 million to $ 635.667 billion in the week ended December 17.

The record was made on 3 September
According to the data, in the previous week of December 10, foreign exchange reserves had declined by $ 77 million to $ 635.828 billion. Whereas in the week ended September 3, 2021, this currency reserves touched an all-time high of 642.453.

RBI released data
According to the weekly data of the RBI, the reason for the decline in foreign exchange reserves in the reporting week ended December 17 was a reduction in foreign currency assets (FCA), which is a significant part of the total currency reserves. According to RBI data, FCAs declined by $645 million to $572.216 billion during the week.

gold reserve increased
Foreign currency assets expressed in dollars also include the movement of non-US currency such as the euro, pound and yen held in foreign exchange reserves. During this period, the value of gold reserves increased by $ 475 million to $ 39.183 billion.

country’s money reserve increased
Special Drawing Rights with the International Monetary Fund (IMF) remained unchanged at $ 19.089 billion in the week under review. The country’s monetary reserve in the International Monetary Fund increased by $ 9 million to $ 5.179 billion.