The country’s foreign exchange reserves fell $810 million for the week ended August 22 to $318 billion, show Reserve Bank of India (RBI) data released on Friday. Foreign currency assets, a key component of reserves, fell $783 million to $291 billion. Gold reserves remained unchanged during the week at $21 billion.
For the week under review, the Special Drawing Rights (SDRs) fell $20 million to $4.40 billion, while India's reserve position with the International Monetary Fund was down $8 million to $1.7 billion.
For the week under review, the Special Drawing Rights (SDRs) fell $20 million to $4.40 billion, while India's reserve position with the International Monetary Fund was down $8 million to $1.7 billion.