Foreign exchange reserves decreased by $ 1.839 billion to $ 584.242 billion

MUMBAI: After the country’s foreign exchange reserves hit a record high the previous week, they fell by $ 1.839 billion to $ 584.242 billion in the week ending Jan. 15, RBI data showed on Friday. For the previous week ending January 8, reserves had risen by $ 758 million to a lifetime high of $ 586.082 billion.

During the week, foreign currency assets (FCA) – a major component of total reserves – fell $ 284 million to $ 541.507 billion, according to weekly data from the Reserve Bank of India (RBI).

In dollars, foreign currency assets include the effect of the appreciation or depreciation of non-US stocks such as the euro, pound sterling and yen held in foreign exchange reserves.

Gold reserves declined $ 1.534 billion to $ 36.06 billion in the week ended Jan. 15, according to data.

Special Drawing Rights (SDRs) at the International Monetary Fund (IMF) decreased by $ 4 million to $ 1.512 billion.

The country’s reserve position with the IMF fell by $ 17 million to $ 5.163 billion, according to the week’s data.

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Foreign exchange reserves decreased by $ 1.839 billion to $ 584.242 billion
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