India's foreign exchange reserves fall by $4.6 billion
India's foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion dollar to $596.46 billion dollar, Reserve Bank of India (RBI) data showed on Friday.
- Country:
- India
India's foreign exchange reserves for the week that ended on June 10, 2022, declined by $4.59 billion to $596.46 billion, Reserve Bank of India (RBI) data showed on Friday. The previous week that ended on June 3, 2022, the total foreign exchange reserves were at $601.05 billion.
The latest decline in the reserves was on account of a sizable fall in Foreign Currency Assets (FCA), which is a major component of the overall reserves. The FCA declined by $4.53 billion to $532.24 billion during the week, the RBI data showed.
Gold reserves dipped marginally during the week, while the Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) dropped by $23 million to $18.38 billion. Further, the country's reserve position with the IMF decreased by $40 million to $4.99 billion. (ANI)
ALSO READ
-
Japanese Lawmakers Visit India to See Worker Protection and Skills Projects in Action
-
Indian Unions Push for Fair Recruitment and Rights for Care Workers in Germany
-
Colombia's IMF Gamble: Can Fiscal Reform Restore Confidence Without Sacrificing Economic Growth?
-
From Market Access to Market Power: What African Firms Need to Capture AfCFTA’s Trade Gains
-
Too Many Homes, Too Little Spending: Inside China’s Deepening Housing and Consumption Divide
Google News