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Foreign exchange reserves declined to $56,105 crore

Foreign exchange reserves declined to $56,105 crore
Foreign exchange reserves declined to $56,105 crore

India’s foreign exchange reserves 56,104.6 crore in the week ended 26th.

According to RBI statistics:

The country’s foreign exchange reserves last Aug. It fell by $300.7 crore to $56,104.6 crore in the week ended 26th. This is about Rs.44,72,232.32 crores in Indian value.

Before this, Foreign exchange reserves declined by $66.87 lakh to $56,405.3 crore in the week ended 19th.

During the assessment week, foreign exchange holdings declined due to a significant fall in foreign exchange asset (FCA) and gold holdings.

Specifically, Aug. FCA fell by $49.86 crore to $257.1 crore in the week ended 26th. Likewise, gold reserves were also seen down by $27.1 crore to $3,964.3 crore.

During the assessment week, international funds’ Special Drawing License (SDR) fell by $15.5 crore to $1,783.2 crore, while the country’s foreign exchange reserves fell by $1 crore to $492.6 crore, RBI data showed.

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