new Delhi. For the second time in the last three weeks, there has been a big fall in the foreign exchange reserves, it has decreased by about $ 78 million in the week ended December 11. Also, there has been a decline in foreign currency assets. While gold reserves have seen a boom for the second week in a row. Let us also tell you what kind of data has been presented by the Reserve Bank of India.
Decline in foreign exchange reserves
The country’s foreign exchange reserves declined by $ 77.80 million to $ 578.57 billion in the week ended December 11. Earlier in the week ended December 4, foreign exchange reserves had increased by $ 4.53 billion to a record level of $ 579.35 billion.
Gold reserves boom
According to data released by the Reserve Bank on Friday, the foreign currency asset, the largest component of foreign exchange reserves, fell $ 1.04 billion to $ 536.34 billion for the week ended December 11. During this period, gold reserves increased by $ 28.40 million to reach $ 36.01 billion. The reserve with the International Monetary Fund decreased by $ 16 million to $ 4.71 billion and special drawing rights by $ 3 million to $ 1.50 billion in the week under review.