India's forex reserves drop by USD 878 million to USD 632.73 billion

ANI
14 Jan 2022, 22:48 GMT+10

Mumbai [India], January 14 (ANI): India's foreign exchange (forex) reserves fell by USD 878 million to USD 632.736 billion for the week ended January 7, 2022, the Reserve Bank of India (RBI) data showed on Friday.

The forex reserves have declined by nearly $10 billion from the all-time high of $642.453 billion recorded for the week ended September 3, 2021.

The country's forex reserves had dropped by $1.466 billion to $633.614 billion recorded for the week ended December 31.

According to the RBI's Weekly Statistical Supplement, the decline was recorded in all categories of the forex reserves during the week ended January 7, 2022.

The forex reserves consist of foreign currency assets, gold, SDRs and reserve position in the International Monetary Fund (IMF).

The foreign currency assets declined by $497 million to $569.392 billion. Expressed in US dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-dollar currencies like Euro, UK's Pound sterling, Japanese Yen held in the foreign exchange reserves.

The value of India's gold reserves declined by $360 million to $39.044 billion for the week under review.

India's Special Drawing Rights (SDRs) with the International Monetary Fund fell by $16 million to $19.098 billion.

India's reserve position with the IMF fell by $5 million to $5.202 billion during the week ended January 7, 2022. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sports Sun.

More Information

null in null

US Sports

Section

Boston Celtics sold for $6.1 billion to private equity mogul Chisholm

Private equity mogul to acquire NBA's Celtics for $6.1 billion

BOSTON, Massachusetts: Private equity investor William Chisholm has agreed to buy the Boston Celtics in a record-breaking deal worth...

Thunder vie to reach 60-win plateau in clash vs. Kings

(Photo credit: Jason Parkhurst-Imagn Images) The Oklahoma City Thunder seek a 60th win in a season for the first time in 12 years...

Knicks look to prevent Mavericks from picking up steam

(Photo credit: Vincent Carchietta-Imagn Images) Jalen Brunson isn't the only key injured player for a New York Knicks team that is...

Led by Paolo Banchero, Magic look to sweep lowly Hornets

(Photo credit: Nathan Ray Seebeck-Imagn Images) The Orlando Magic possess confidence based on their recent performance, and they...

(SP)U.S.-SACRAMENTO-BASKETBALL-NBA-KINGS VS CELTICS

(250325) -- SACRAMENTO, March 25, 2025 (Xinhua) -- Demar DeRozan (L) of Sacramento Kings goes for a lay-up during the 2024-2025 NBA...

NBA roundup: Suns prevail on Devin Booker's late jumper

(Photo credit: Mark J. Rebilas-Imagn Images) Devin Booker knocked down a 20-foot jumper with 1.7 seconds remaining to give the Phoenix...

NFL

Section

Getting Ready for Green Bay: ESPN Platforms Ramp Up NFL Draft Coverage with Weekly Specials, Exclusive Content and the Return of Draft-Centric Shows Leading into Next Month's Signature Event

In anticipation of the three-day 2025 NFL Draft kicking off one month from today (April 24), ESPN will amplify content across different...