 "Forex reserves fall $1.17 bn")
The country’s foreign exchange reserves fell by $1.17 billion for the week ended January 31 to $291.07 billion, show Reserve Bank of India (RBI) data released on Friday.
Foreign currency assets, a key component of reserves, fell $1.48 billion to $264.57 billion. Gold reserves rose by $351 million to $20.08 billion.
For the week under review, the Special Drawing Rights (SDRs) fell by $25.6 million to $4.43 billion, while yhe country’s reserve position with the International Monetary Fund was down $11.5 million to $1.99 billion.
Foreign currency assets, a key component of reserves, fell $1.48 billion to $264.57 billion. Gold reserves rose by $351 million to $20.08 billion.
For the week under review, the Special Drawing Rights (SDRs) fell by $25.6 million to $4.43 billion, while yhe country’s reserve position with the International Monetary Fund was down $11.5 million to $1.99 billion.