Forex reserves: This week’s decline in foreign exchange reserves, know how much money was withdrawn?

Reserve Bank of India: The country’s foreign exchange reserves declined by $ 1.14 billion to $ 640.87 billion in the week ended November 5. The Reserve Bank of India (RBI) gave this information in its latest data on Friday. Due to this, foreign exchange reserves had increased by $ 1.91 billion to $ 642.01 billion in the previous week.

FCA also declined
The Reserve Bank said that the foreign currency assets (FCA), which constitute a significant part of the total currency reserves, declined by $ 881 million to $ 577.58 billion in the week under review. Foreign currency assets, denominated in dollars, also include the effect of an increase or decrease in the value of other foreign currencies such as the euro, pound and yen.

SDR decline
The value of gold reserves declined by $234 million to $38.77 billion in the week under review. According to Reserve Bank data, the country’s Special Drawing Rights (SDR) with the International Monetary Fund declined by $17 million to $19.28 billion. The country’s foreign exchange reserves in the IMF declined by $ 14 million to $ 5.22 billion.

Reserve was increased on October 15
Forex reserves had increased by $ 1.492 billion to $ 641.008 billion in the week ended October 15. At the same time, earlier in the week ended September 3, 2021, foreign exchange reserves had reached an all-time high of $ 642.453 billion.

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