Country's forex reserves fell by $678 million to $634.28 billion in the week ended January 21Mumbai (Maharashtra): Nation's forex (forex) reserves fell by $678 million to $634.28 billion in the week ended January 21 due to a sharp fall in foreign currency properties, according to Reserve Bank of India (RBI) data.Foreign currency assets, which are the greatest part of forex reserves, decreased by $1.115 billion to $569.582 billion throughout the week under evaluation, according to the RBI's weekly analytical supplement.Expressed in United States dollar terms, the foreign currency assets consist of the impact of appreciation or devaluation of non-dollar currencies like Euro, UK's Pound Sterling, and Japanese Yen held in the foreign exchange reserves.The value of India's unique drawing rights (SDRs) with the International Monetary Fund (IMF) declined by $68 million to $19.152 billion, while India's reserve position in the IMF came by $22 million to $5.216 billion.However, there was a sharp boost in the worth of gold reserves.
The value of gold reserves increased by $567 million to $40.337 billion in the week ended January 21, 2022.