Published On: Sun, Aug 21st, 2022

Foreign exchange reserves fell $2.24 bn to $570.74 bn

Mumbai; The foreign exchange reserves for the week ended August 12 fell $2.24 billion to $5.70.74 billion, according to the Reserve Bank of India (RBI) data.

The fall in reserves was due to decline in Foreign Currency Assets

In the reporting week, the fall in reserves was due to decline in Foreign Currency Assets (FCA). It has declined by $2.7 billion to $506.994 billion.

The Special Drawing Rights (SDRs) increased $102 million to $18.133 billion.

The country’s reserve position with IMF also rose by $7 million to $4.994 billion in the reporting week, as per the data.

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