Business Standard

India's foreign exchange reserve declines by $2.67 billion to $593 billiion

In the previous reporting week, forex reserves stood at $595.95 billion.

forex
Premium

Of the $593.28 billion foreign exchange reserves held by India, $529.55 billion is in foreign currency assets.

BS Reporter
India’s forex reserves declined by $2.67 billion to $593.28 billion for the week ended May 13. 

In the previous reporting week, forex reserves stood at $595.95 billion.

Of the $593.28 billion foreign exchange reserves held by India, $529.55 billion is in foreign currency assets, $40.57 billion is in gold, $18.20 billion in special drawing rights, which is an international reserve assets created by the International Monetary Fund (IMF), and $4.95 billion in reserve position in the IMF. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 21 2022 | 1:50 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com