Business

Forex reserves down by $2.03 bn to $617.648 bn


Continuing their downward trajectory for the third consecutive week, the nation’s international change reserves declined by $2.03 billion to face at $617.648 billion within the week ended March 25, RBI information confirmed on Friday.

Forex

Photograph: Kham/Reuters

In the week ended March 18, the foreign exchange kitty had declined by $2.60 billion to $619.68 billion.

It had plunged by $9.65 billion to $622.27 billion within the week ended March 11.

 

During the reporting week, the autumn within the reserves was primarily on account of a decline within the international forex property (FCA), a serious part of the general reserves, as per weekly information by the Reserve Bank of India.

FCA dropped by $3.20 billion to $550.45 billion within the week ended March 25.

Expressed in greenback phrases, the international forex property embody the impact of appreciation or depreciation of non-US items just like the euro, pound and yen held within the international change reserves.

Gold reserves elevated by $1.23 billion to $43.24 billion within the reporting week, the info confirmed.

The particular drawing rights (SDRs) with the International Monetary Fund (IMF) dipped by $44 million to $18.82 billion.

The nation’s reserve place with the IMF additionally decreased by $14 million to $5.13 billion.



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