Forex reserves fall to $ 639.6 billion
The country’s foreign exchange reserves fell by $1.47 billion for the second straight week to $639.6 billion in the week ended September 17, from $1.34 billion in the previous week at $641.11 billion.
According to the weekly data released by the Reserve Bank, forex assets, the largest component of foreign exchange reserves, declined by $ 892 million to $ 577.9 billion for the week ended September 17. During this period, gold reserves decreased by $ 567 million to $ 37.1 billion.
At the same time, Special Drawing Rights (SDR) declined by $4 million to $19.43 billion for the week under review. Reserves with the International Monetary Fund (IMF) fell by $8 million to $5.1 billion.
