The country’s foreign exchange reserves declined by $2.23 billion to stand at $550.87 billion for the week ended September 9, the Reserve Bank of India (RBI) said on Friday.<\/p>\n
![\"Dollar\"](\"https:\/\/im.rediff.com\/money\/2021\/nov\/12usd1.jpg?w=670&h=900\" "\\"Dollar\\"")
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Photograph: Nguyen Huy Kham\/Reuters<\/span><\/p>\n In the previous reporting week, the reserves had dropped by $7.94 billion to $553.11 billion.<\/p>\n The fall in the reserves during the reporting week was on account of a dip in the foreign currency assets (FCAs), a major component of the overall reserves, according to the Weekly Statistical Supplement released by the RBI.<\/p>\n \u00a0<\/p>\n The FCAs decreased by $2.519 billion to $489.598 billion in the reporting week.<\/p>\n Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.<\/p>\n The value of the gold reserves increased by $340 million to $38.64 billion, the data showed.<\/p>\n The Special Drawing Rights (SDRs) dropped by $63 million to $17.72 billion.<\/p>\n The country’s reserve position with the IMF was up by $8 million to $4.91 billion in the reporting week, as per the data.<\/p>\n<\/div>\n[ad_2]\n<\/p>\n News From This Website <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"