Gold reserve increased by $ 95.80 million, foreign exchange reserves declined

There has been a decrease in the foreign exchange reserves of the country. In the week ending February 25, 2022, it declined by $ 1.425 billion to $ 631.527 billion. During this, the value of gold reserves increased by $ 95.80 million to $ 42.467 billion. This information has been given in the data released by the Reserve Bank of India (RBI) on Friday.

Earlier, in the week ended February 18, foreign exchange reserves had increased by $ 2.762 billion to $ 632.95 billion. According to RBI data, forex reserves declined by $1.763 billion to $630.19 billion in the week ended February 11, 2022. Earlier, in the week ended February 4, 2022, foreign exchange reserves had increased by $ 2.198 billion to $ 631.953 billion.

FCA down by $2.228 billion
According to the weekly data released by RBI on Friday, this fall in foreign exchange reserves in the week ended February 25 was mainly due to the decrease in foreign currency assets (Foreign Currency Assets), which is a significant part of the total currency reserves. Is. The Reserve Bank said that India’s FCA declined by $ 2.228 billion to $ 564.832 billion in the reporting week. Denominated in dollars, FCA also includes the effect of increase or decrease in the value of other foreign currencies such as euro, pound and yen held in foreign exchange reserves.

gold reserve increased
Apart from this, the value of gold reserves increased by $ 958.8 million to $ 42.467 billion in the reporting week. In the reporting week, the country’s SDR (Special Drawing Rights) in the International Monetary Fund (IMF) decreased by $ 122 million to $ 19.04 billion. The country’s currency reserves in the IMF also declined by $ 34 million to $5.187 billion.