Forex Reserves Down By $1.34 Billion To Touch $641.11 Billion
NDTV
Forex Reserves News: The country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021
After reaching a record high in the previous week, the country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data. In the previous week ended September 3, the reserves had surged by $8.895 billion to a life time high of $642.453 billion.
During the reporting week ended September 10, the fall in the reserves was on account of a decline in Foreign Currency Assets (FCAs), a major component of the overall reserves, Reserve Bank of India's (RBI) weekly data released on Friday showed.
FCAs dipped by $934 million to $578.879 billion in the reporting week. Expressed in dollar terms, FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
