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Foreign Exchange Reserves Fell USD 2.24 Bn To USD 570.74 Bn

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MUMBAI, Aug 20: The foreign exchange reserves for the week ended August 12 fell USD 2.24 billion to USD 5.70.74 billion, according to the Reserve Bank of India (RBI) data.

In the reporting week, the fall in reserves was due to decline in Foreign Currency Assets (FCA). It has declined by USD 2.7 billion to USD 506.994 billion.

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The Special Drawing Rights (SDRs) increased USD 102 million to USD 18.133 billion.

The country’s reserve position with the IMF also rose by USD 7 million to USD 4.994 billion in the reporting week, as per the data. (IANS)

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The Hills Timeshttps://www.thehillstimes.in/
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