Gold reserves were up by $327 million to $37.43 billion in the reporting week.The nation's forex reserves declined by USD 997 million to reach USD 638.646 billion in the week ended September 24, RBI data showed on Friday.
In the previous week ended September 17, 2021, the reserves had tumbled by $ 1.47 billion to $ 639.642 billion.
The forex kitty had surged by $ 8.895 billion to a lifetime high of $ 642.453 billion in the week ended September 3, 2021.
Throughout the reporting week ended September 24, 2021, the dip in reserves was on account of a fall in the foreign currency possessions (FCAs), a major component of the general reserves, as per weekly data by the Reserve Bank of India (RBI).
FCAs decreased by $ 1.255 billion to $ 576.731 billion, the information showed.Expressed in dollar terms, the foreign currency possessions consist of the effect of appreciation or depreciation of non-US systems like the euro, pound and yen kept in the forex reserves.
Gold reserves were up by $ 327 million to $ 37.43 billion in the reporting week.The unique drawing rights (SDRs) with the International Monetary Fund (IMF) decreased by $ 55 million to $ 19.379 billion.
The country's reserve position with the IMF likewise reduced by $ 13 million to $ 5.106 billion, based on the information.