Forex Reserves | Indian Economy | The Hindu Analysis | The Indian Express | UPSC IAS

According to recent data from Reserve bank of india (RBI), India's Foreign Exchange (Forex) reserves posted a decline of USD 678 million during the week ended 21st January 2022 to reach USD 634.287 billion.

The slip in the reserves was on account of a drop in the Foreign Currency Assets (FCA), a vital component of the overall reserves. FCA declined by USD 1.155 billion to USD 569.582 billion in the reporting week.
Gold reserves saw an increase of USD 567 million to USD 40.337 billion in the reported week.
The Special Drawing Rights (SDRs) with the International Monetary Fund (IMF) fell USD 68 million to USD 19.152 billion.

#forexreserve #FCA #RBI #SDR #foreigncurrencyassets #foreignexchange

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