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The SDR value remained flat at .114 billion.
Image Source : PTI

The SDR value remained flat at .114 billion. 

Highlights

  • India's foreign exchange reserves declined by .466 billion during the week ended December 31.
  • The Reserve Bank of India's forex reserves decreased to 3.614 billion from 5.080 billion.
  • Similarly, the country's reserve position with the IMF was constant at .207 billion.

 India's foreign exchange reserves declined by .466 billion during the week ended December 31, 2021. The Reserve Bank of India's forex reserves decreased to 3.614 billion from 5.080 billion.

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 .480 billion to 9.889 billion.

However, the value of the country's gold reserves inched up by million to .405 billion. The SDR value remained flat at .114 billion. Similarly, the country's reserve position with the IMF was constant at .207 billion.

ALSO READ | India's GDP to grow at 9.2% in 2021-22, to surpass pre-Covid level, says govt data

 

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