India’s foreign exchange reserve fell by $ 298.6 million in the week ending on March 26. After this decline, the country’s foreign exchange reserve has been reduced to $ 57.92 thousand crore. The central bank RBI presented the data related to it today on Friday 2 April. In the week ending on March 19, it increased by 233 million dollars and it reached the level of 58.23 thousand million dollars. In the week ending 29 January 2021 this year, the Foreign Exchange Reserve was at a record level of 59.02 thousand million dollars.
Foreign exchange assets declined due to the fall in foreign currency assets (FCS) in the quarter ending on March 26. Foreign currency assets (FCA) constitute the major part of the entire reserves. According to the data released by the RBI, the FCA fell by $ 32 million and it stood at $ 53.80 thousand million.
In the week ending March 26, gold reserves increased by $ 276 million and reached the level of 35 thousand million dollars. The Special Drawing Rights (SDRs) along with the International Monetary Fund declined by $ 9 million to $ 149 million. India’s reserve position with the IMF fell by $ 27 million to $ 494 million.
