Foreign exchange declined

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-The amount of gold also decreased

- Statistics released by the Reserve Bank

New Delhi Dated 23rd January 2021 Saturday

The country's foreign exchange reserves were reported to have declined sharply. The decline was in the week ended January 15.

These details were given in the figures released by the Reserve Bank. For the week ended January 15, it fell 1. 1.839 billion to 2 582.242 billion. Foreign exchange reserves rose by 75 758 million to 58 586.082 billion in the week ended January 8, the highest ever recorded.

According to a review conducted by the Reserve Bank during the period, the decline in foreign currency accounts (FCAs) also led to a decline in foreign exchange. The FCA is a major contributor to the total share of foreign exchange. FCA was down 284 million dollars to 541.507 billion last week. The FCA is denominated in dollars but also includes foreign currencies such as the euro, the pound and the yen.

Gold reserves declined by 1.5 1.534 billion to 36 36.06 billion in the week ended January 15, according to the Reserve Bank.


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