New Delhi, April 19 (Hindustan Reporter) The country’s foreign exchange reserves declined by $5.40 billion to $643.16 billion in the week ending April 12. Due to this, last week the foreign exchange reserves had increased by $ 2.88 billion and reached a record high of $ 648.56 billion.
The Reserve Bank of India said on Friday that the country’s foreign exchange reserves declined by $ 5.40 billion to $ 643.16 billion in the week ending April 12, 2024. During this period, foreign currency assets, an important component of foreign exchange reserves, declined by $ 65.1 million to $ 564.65 billion. However, the reserve value of gold reserves has increased by $ 1.24 billion to $ 55.79 billion.
According to RBI, in the week ending April 12, Special Drawing Rights (SDR) declined by $93 million to $18.08 billion. Apart from this, India’s reserve deposits with the International Monetary Fund declined by $35 million to $4.63 billion. It is noteworthy that the foreign exchange reserves have declined after seven weeks. Last week, on April 5, the country’s foreign exchange reserves were at a record high of $648.56 billion with a jump of $2.88 billion.
