India's forex reserves drop by USD 878 million to USD 632.73 billion

ANI
14 Jan 2022, 22:48 GMT+10

Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.

The forex reserves have declined by nearly $10 billion from the all-time high of $642.453 billion recorded for the week ended September 3, 2021.

The country's forex reserves had dropped by $1.466 billion to $633.614 billion recorded for the week ended December 31.

According to the RBI's Weekly Statistical Supplement, the decline was recorded in all categories of the forex reserves during the week ended January 7, 2022.

The forex reserves consist of foreign currency assets, gold, SDRs and reserve position in the International Monetary Fund (IMF).

The foreign currency assets declined by $497 million to $569.392 billion. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar currencies like Euro, UK's Pound sterling, Japanese Yen held in the foreign exchange reserves.

The value of India's gold reserves declined by $360 million to $39.044 billion for the week under review.

India's Special Drawing Rights (SDRs) with the International Monetary Fund fell by $16 million to $19.098 billion.

India's reserve position with the IMF fell by $5 million to $5.202 billion during the week ended January 7, 2022. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Myanmar Sun.

More Information

null in null

Southeast Asia

Section

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

UN Demands End to Myanmar Violence as Junta’s Election Plans Risk Further Instability

Nearly three months after a devastating earthquake struck Myanmar, the country remains trapped in a deepening crisis, compounded by...

Rishabh Pant creates record, first Asian wicketkeeper-batter to score 2,000 runs in SENA countries

Birmingham [UK], July 5 (ANI): Rishabh Pant made history on Saturday, becoming the first Asian wicketkeeper-batter to score 2,000 runs...

Afghan returnees from Iran face homelessness, joblessness; UNHCR seeks urgent aid

Kabul [Afghanistan], July 5 (ANI): A large number of Afghans recently deported from Iran are facing severe challenges, including homelessness,...

Nepal: Nagarik Unmukti Party withdraws support from Oli-led Government, floor test likely

Kathmandu [Nepal], July 5 (ANI): The Nagarik Unmukti Party has decided to walk out of the ruling alliance led by Nepal Prime Minister...

"Should understand dignity of LoP": Sudhanshu Trivedi slams Rahul Gandhi on India-US trade remarks

Raipur (Chhattisgarh) [India], July 5 (ANI): BJP MP Sudhanshu Trivedi on Saturday slammed Congress MP Rahul Gandhi over his remarks...

International

Section