RBI released the figures, 'Country's foreign exchange reserves decreased by $ 4.112 billion'

India's foreign exchange reserves have once again registered a decline. In the week ended December 27, 2024, the foreign exchange reserves decreased by $ 4.112 billion and reached $ 640.279 billion. The Reserve Bank of India released the figures related to this on Friday. In the previous week, the foreign exchange reserves had fallen by $ 8.478 billion to $ 644.391 billion. In the last few weeks, there has been a steady decline in the country's foreign exchange reserves.

Analysts say the steps taken by the Reserve Bank of India to prevent fluctuation in the rupee have increased the pressure on the forex reserves. The country's foreign exchange reserves at the end of September rose to an all-time high of $704.885 billion.

Foreign currency assets, the most important component of the forex reserves, dipped by $4.641 billion during the week ended December 27, data released by the RBI on Friday showed and its reserves fell to $551.921 billion. Foreign currency assets expressed in dollar terms include the effect of appreciation or depreciation of non-US currencies such as euro, pound, and yen held in the reserves.

The country's gold reserves surged by $541 million to $66.268 billion during the week under review, the RBI said. The Special Drawing Rights (SDR) fell by $12 million to $17.873 billion during the said week, the central bank said. Reserve position with the International Monetary Fund remained unchanged at $4.217 billion during the week ended December 27, the data showed.