Forex reserves decline by USD 1.466 bn to USD 633.614 bn: RBI data

As per the latest Reserve Bank of India (RBI) data, the foreign currency reserves of India declined by $1.466 billion to $633.614 billion, in the last week of 2021, which ended December 31, 2021.

In the previous week ended December 24, the reserves dipped by USD 587 million to USD 635.08 billion. Gold reserves rose by USD 14 million to USD 39.405 billion. It touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021.

Forex reserves include foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF.