Mumbai, 08 January. The country’s foreign exchange reserves rose $44 million to $562.9 billion in the week ending Dec. 30, down from $691 million to $562.8 billion in the previous week.
According to weekly data released by the Reserve Bank, foreign currency assets, the largest component of foreign exchange reserves, fell $302 million to $498.2 billion in the week ended Dec. 30. However, gold reserves increased by $354 million to $41.3 billion during this period.
Similarly, special drawing rights (SDRs) fell $8 million to $18.18 billion during the week under review. At the same time, the reserve fund at the International Monetary Fund (IMF) remained stable at $5.16 billion during this period.