India's forex reserves down by over $4 bn

MUMBAI: India's foreign exchange reserves declined by $4.531 billion during the week ended January 28. The Reserve Bank of India's forex reserves decreased to $629.755 billion from $634.287 billion reported for January 21.

The country's forex reserves comprises of foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF.

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $3.504 billion to $566.077 billion. Similarly, the value of the country's gold reserves decreased by $844 million to $39.493 billion. (IANS)

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