India's Forex Reserves Declines By $ 1.466 Billion

The country’s foreign exchange reserves declined by $1.466 billion to $633.614 billion during the week ended December 31, 2021, as per the RBI data .

Notably, It touched a life-time 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.

FCA declined by USD 1.48 billion to USD 569.889 billion in the reporting week, the RBI data showed. At the same time, Gold reserves rose by USD 14 million to USD 39.405 billion in the reporting week, the data showed.

The special drawing rights (SDRs) with the International Monetary Fund (IMF) remained unchanged at USD 19.114 billion in the reporting week, the RBI said. The country's reserve position with the IMF was also unchanged at USD 5.207 billion in the reporting week, the data showed.