Country’s foreign exchange reserves decreased to 593.90 billion dollars

Foreign exchange reserves: Foreign exchange reserves have once again declined. The country’s foreign exchange reserves declined by $4.99 billion to $593.90 billion in the week ending September 8. Last week, foreign exchange reserves had increased by $ 4.039 billion to $ 598.89 billion. Reserve Bank of India (RBI) has given this information.
In the data released on Friday, RBI said that in the week ending September 8, the country’s foreign exchange reserves decreased by $ 4.99 billion to $ 593.90 billion. Last week, foreign exchange reserves had increased by $ 4.039 billion to $ 598.89 billion. During this period, foreign currency assets, an important component of foreign exchange reserves, also declined by $ 4.26 billion to $ 526.43 billion.
According to the data, the value of gold reserves decreased by $554 million to $44.38 billion. During this period, Special Drawing Rights (SDR) also declined by $134 million to $18.06 billion. Apart from this, the country’s currency reserves kept with the International Monetary Fund (IMF) have decreased by $ 39 million to $ 5.03 billion.
It is noteworthy that in October 2021, the country’s foreign exchange reserves had reached an all-time high of US $ 645 billion.