$564.053 Billion In Foreign Exchange Reserves

$564.053 Billion In Foreign Exchange Reserves

The Reserve Bank of India (RBI) reports that during the week ending August 19 their country’s foreign exchange reserves decreased by $6.687 billion to $564.053 billion.

The reserves dropped by $2.238 billion, to $570.74 billion, in the week ending August 12.

Foreign Currency Assets (FCA) and gold reserves both decreased during the week ending August 19, as reported in RBI’s Weekly Statistical Supplement.

In the period covered by the stats presented here, FCA dipped by $5.779 trillion, reaching a new all-time low of $501.216 trillion.

Changes in the value of foreign currency reserves, such as the euro, pound, and yen, relative to the U.S. dollar are factored into the FCA.

According to the numbers, the amount of gold stored away fell by $704 million, bringing the total to $39.914 billion.

Money referred to as “Special Drawing Rights” (SDRs) fell by $146 million, bringing the total to $17.987 billion.

During the reporting period, the country’s reserve position with the IMF decreased by $58 million, to $4.936 billion.

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