Mumbai, Feb 4 (SocialNews.XYZ) India's foreign exchange reserves declined by $4.531 billion during the week ended January 28.
The Reserve Bank of India's forex reserves decreased to $629.755 billion from $634.287 billion reported for January 21.
The country's forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.
On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $3.504 billion to $566.077 billion. Similarly, the value of the country's gold reserves decreased by $844 million to $39.493 billion.
The SDR value fell by $141 million to $19.011 billion and the country's reserve position with the IMF declined by $42 million to $5.174 billion.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz