1 week Ago
India's foreign exchange reserves declined by $3.23 billion during the week ending December 6, 2024, settling at $654.86 billion, the latest data released by the Reserve Bank of India (RBI) showed on Friday.
This marks a drop from the previous week's level of $658.09 billion. The decline was primarily attributed to a significant dip in Foreign Currency Assets (FCA), a major component of the reserves, as per the Weekly Statistical Supplement released by RBI.
FCA fell by $3.22 billion to $565.62 billion during the week.
Gold reserves, however, remained relatively stable, showing a marginal decline of $43 million to $66.94 billion. Special Drawing Rights (SDRs) witnessed a slight increase of $25 million, reaching $1.
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