India’s forex reserves down

The Reserve Bank of India’s forex reserves decreased to $631.527 billion from $632.952 billion reported for February 18.

India’s foreign exchange reserves declined by $1.425 billion during the week ended February 25.

The Reserve Bank of India’s forex reserves decreased to $631.527 billion from $632.952 billion reported for February 18.

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 $2.228 billion to $564.832 billion. However, the value of the country’s gold reserves increased by $958 million to $42.467 billion.

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