{"id":3643,"date":"2024-06-14T00:13:42","date_gmt":"2024-06-14T00:13:42","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=3643"},"modified":"2024-06-14T00:13:42","modified_gmt":"2024-06-14T00:13:42","slug":"foreign-exchange-reserves-decline-by-usd-763-million-to-usd640-112-billion","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/foreign-exchange-reserves-decline-by-usd-763-million-to-usd640-112-billion\/","title":{"rendered":"Foreign Exchange Reserves Decline By USD 763 Million to USD\n640.112 Billion"},"content":{"rendered":"

The Reserve Bank Of India<\/a> (RBI) has provided updated data on Foreign Exchange<\/a> reserves. The country’s foreign exchange reserves fell by $ 763 million to $ 640.112 billion in the week ending November 12, according to new figures.<\/p>\n

Highlights:<\/u><\/strong><\/p>\n

In the week ending November 5, foreign exchange reserves fell by USD 1.145 billion to USD 640.874 billion. Reserves, on the other hand, hit a new high of USD 642.453 billion in the week ending September 3, 2021.<\/p>\n

The Reserve Bank of India’s (RBI) weekly data shows that the reduction in forex reserves this reporting week was due to a drop in foreign currency assets (FCA), a major component of overall reserves. FCA fell $2.094 billion to $575.487 billion in the reporting week, according to the data.<\/p>\n

Foreign currency assets comprise the effect of appreciation or depreciation of non-US units held in foreign exchange reserves, such as the euro, pound, and yen, expressed in dollar terms. In the reporting week, gold reserves increased by $ 1.461 billion to $ 40.239 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Reserve Bank Of India (RBI) has provided updated data on Foreign Exchange reserves. The country’s foreign exchange reserves fell by $ 763 million to $ 640.112 billion in the week ending November 12, according to new figures. Highlights: In the week ending November 5, foreign exchange reserves fell by USD 1.145 billion to USD … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595],"tags":[907],"class_list":["post-3643","post","type-post","status-publish","format-standard","hentry","category-current-affairs","tag-19-11-21"],"yoast_head":"\nForeign Exchange Reserves Decline By USD 763 Million to USD 640.112 Billion - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/2024\/06\/14\/foreign-exchange-reserves-decline-by-usd-763-million-to-usd640-112-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Foreign Exchange Reserves Decline By USD 763 Million to USD 640.112 Billion\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank Of India (RBI) has provided updated data on Foreign Exchange reserves. The country’s foreign exchange reserves fell by $ 763 million to $ 640.112 billion in the week ending November 12, according to new figures. Highlights: In the week ending November 5, foreign exchange reserves fell by USD 1.145 billion to USD ... 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The country’s foreign exchange reserves fell by $ 763 million to $ 640.112 billion in the week ending November 12, according to new figures. Highlights: In the week ending November 5, foreign exchange reserves fell by USD 1.145 billion to USD ... 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