As the country's foreign exchange reserves dwindled, so did gold

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New Delhi, Saturday 23 January 2021

The country's foreign exchange reserves fell by 1.839 billion to 58 584.242 billion for the week ended January 15, according to data released by the Reserve Bank of India. .

According to data released by the Reserve Bank of India, foreign exchange reserves (FCAs) declined during the period under review. Foreign currency assets are an important part of the total foreign exchange reserves. According to the Reserve Bank's weekly data, the FCA fell by 28 284 million to 54 541.507 billion during the reporting period. The FCA is denominated in dollars, but also includes other foreign exchange assets such as the euro, the pound and the yen.

At the end of January 15, the value of the country's gold reserves fell by 1.5 1.534 billion to પ્ત 36.06 billion.

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