New Delhi: The country’s Foreign Exchange Reserves registered a decline for the ninth consecutive week. It declined by $4.854 billion to $532.664 billion in the week ending September 30, 2022. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.
According to the Reserve Bank’s data, in the previous week ended September 23, foreign exchange reserves had declined by $ 8.134 billion to $ 537.518 billion. It declined by $5.219 billion to $545.652 billion in the week ended September 16, 2022. In October 2021, the country’s foreign exchange reserves had reached an all-time high of $ 645 billion.
FCA is down $4.406 billion
According to the weekly data released by RBI on Friday, this decline in foreign exchange reserves in the week ended September 30 was mainly due to the reduction in Foreign Currency Assets (Foreign Currency Assets), which is a significant part of the total currency reserves. Is part of. The Reserve Bank said that India’s FCA declined by $4.406 billion to $472.807 billion in the reporting week. Denominated in dollars, FCAs also include the effect of an increase or decrease in the value of other foreign currencies such as the euro, pound and yen held in foreign exchange reserves.
The gold reserve also decreased
Apart from this, the value of gold reserves declined by $ 281 million to $ 37605 billion in the reporting week. In the reporting week, the country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) declined by $ 167 million to $ 17.427 billion. The country’s reserve position with the IMF remained unchanged at US$ 4.826 billion in the reporting week.
