India's foreign exchange reserves declined for the sixth consecutive week by $878 million during the week ended January 7.

The Reserve Bank of India's forex reserves decreased to $632.736 billion from $633.614 billion reported for December 31, 2021.

india forex reserves, fii buying, rbi data on foreign exchange reserves, fii debt buying, fii equity buying, indian stock markets, foreign investors in indian stock markets, pm modi, modi govt completes 3 years
U.S. dollar notes are seen in front of a stock graph in this November 7, 2016 picture illustration.Reuters file

The country's forex reserves comprises of 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 $497 million to $569.392 billion. Similarly, the value of the country's gold reserves inched down by $360 million to $39.044 billion.

india, forex reserves, rbi, fcnr deposits, rupee, us dollar, demonetisation, global uncertainty
U.S. dollar notes are seen in this November 7, 2016 picture illustration.Reuters file

Additionally, the SDR value was down by $16 million to $19.098 billion. In addition, the country's reserve position with the IMF slipped by $5 million to $5.202 billion.

(With inputs from IANS)

Also Read