Forex Reserves: In October 2021, foreign exchange reserves reached an all-time high of $ 645 billion. 

New Delhi:

Foreign Exchange Reserves: The country's foreign exchange reserves declined by $1.268 billion to $561.583 billion during the week ended January 6.

The Reserve Bank of India (RBI) has given this information on Friday.

Let us tell you that last week the total foreign exchange reserves of the country had increased by $ 44 million to $ 562.851 billion.

However, before this, there was a decline in foreign exchange reserves for two consecutive weeks.

According to the RBI, in October 2021, foreign exchange reserves had reached their all-time high of $ 645 billion.

In the midst of global developments, the central bank is using currency reserves to prevent the continuous decline in the exchange rate of the Indian Rupee against foreign currencies.

This is a major reason why a decline in currency reserves is being seen.

According to the weekly data released by the central bank, Foreign Currency Asset has also declined in the last week.

Foreign currency assets ie Foreign Currency Asset (FCA) are considered to be an important part of the total foreign exchange reserves.

Foreign currency assets (FCAs) declined by $1.747 billion to $496.441 billion in the week ended January 6.

Foreign currency assets expressed in dollars also include the effects of appreciation or depreciation in non-US currencies such as the euro, pound and yen.

Apart from this, in the week ending January 6, there has been an increase in the gold reserves of the country.

In the last week, the value of gold reserve has increased by $ 461 million and it has become $ 41.784 billion.

According to the data, the Special Drawing Right (SDR) increased by $ 35 million to $ 18.217 billion.

At the same time, during this period, the country's currency reserves kept in the International Monetary Fund (IMF) also decreased by $ 18 million to $ 5.141 billion.

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