India's forex reserves down to $632.7 bn as of 7 Jan: RBI data

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2022-01-15 07:01:07

The country's foreign exchange reserves declined by $878 million to stand at $632.736 billion in the week ended January 7, RBI data showed on Friday.
During the reporting week ended January 7, the decline in the forex kitty was mainly due to a fall in gold reserves and foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI).
FCAs decreased by $497 million to $569.392 billion in the reporting week.

The country's foreign exchange reserves declined by $878 million to stand at $632.736 billion in the week ended January 7, RBI data showed on Friday. During the reporting week ended January 7, the decline in the forex kitty was mainly due to a fall in gold reserves and foreign currency assets (FCA), a major component of the overall reserves, as per weekly data by the Reserve Bank of India (RBI). FCAs decreased by $497 million to $569.392 billion in the reporting week.

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India's forex reserves down to $632.7 bn as of 7 Jan: RBI data

In the previous week ended December 31, the foreign exchange reserves had dropped by $1.466 billion to $633.614 billion.

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