New Delhi: The country’s foreign exchange reserves declined by $1.044 billion to $400.897 billion in the week to December 8 due to a steep fall in foreign currency assets, the Reserve Bank said today.
In the previous week, the reserves had increased by $1.2 billion to $401.942 billion.
The foreign currency reserves, a major component of the overall reserves, declined by $1.028 billion to $376.428 billion, according to the RBI data.
Gold Rate
15 May 2025
Expressed in the US dollar terms, foreign currency assets include the effect of appreciation or depreciation of the non-US currencies such as the euro, the pound and the yen held in the reserves.
However, the gold reserves remained unchanged at $20.703 billion, unlike in the last reporting week when it had risen by a tad.
The special drawing rights with the International Monetary Fund fell by $5.3 million to $1.497 billion.
The country’s reserve position with the International Monetary Fund also declined by $11 million to $2.269 billion, the Reserve Bank of India said.
