India’s foreign exchange (forex) reserves rose $3.16 billion in the week ended December 19 to $319.99 billion. In the full year, the country’s forex reserves have risen by $24.49 billion, thereby making the country’s external position relatively more stable now as compared to the end of the last year.
Foreign currency assets (FCAs), which form a bulk of the total reserves, rose $3.31 billion in the reporting week. For the full year, FCAs were up $27.20 billion.
During the week gold reserves remained unchanged at $18.98 billion.
Special Drawing Rights (SDRs) and the country’s reserve position in the International Monetary Fund (IMF) fell by $29.2 million and $117.6 million, respectively during the latest reporting week.
For the full year, gold reserves have come down by $1.61 billion, while SDRs and the country’s reserve position in the IMF have dropped by $232.5 million and $856.9 million, respectively.
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