India's foreign exchange reserves fell by $1.783 billion during the week ended December 3, showing fall in consecutive weeks.
The Reserve Bank of India's forex reserves decreased to $635.905 billion from $637.687 billion reported for the week. In the week that ended on Nov 26prior to this, the foreign exchange reserves fell by $2.71 billion.
The Reserve Bank of India's forex reserves decreased to $637.687 billion from $640.401 billion reported for the week ended November 19.
India's forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.
India's forex reserves comprise 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 $1.483 billion to $573.181 billion.
Similarly, the value of the country's gold reserves fell by $407 million to $38.418 billion.
However, the SDR value rose by $90 million to $19.126 billion, and the country's reserve position with the IMF was up $17 million to $5.180 billion.
(With inputs from IANS)
