India's Foreign exchange reserves dip $4.99 bln to $593.90 bln for the week ending Sept 8
foreign exchange reserves decreased by $4.992 billion to $ 593.904 billion for the week ending September 8, the latest data by the Reserve Bank of India (RBI) showed on Friday.
Previously, forex reserves were up by $4.039 billion to $598.897 billion for the week ended on September 1.
According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) dropped by $4.27 billion to $526.43 billion. Expressed in dollar terms, the FCAs include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves dipped by $554 million to $44.38 billion, while SDRs were also down by $134 million to $18.06 billion.
Reserve position in the IMF decreased by $39 million to $5.03 billion.
It can be noted that in October 2021, the country's forex kitty had reached an all-time high of USD 645 billion.
