{"id":140446,"date":"2024-01-27T12:29:19","date_gmt":"2024-01-27T06:59:19","guid":{"rendered":"https:\/\/digpu.com\/?p=140446"},"modified":"2024-01-27T12:29:45","modified_gmt":"2024-01-27T06:59:45","slug":"indian-foreign-exchange-reserves-dip-by-2-795-billion","status":"publish","type":"post","link":"https:\/\/digpu.com\/business-and-finance\/indian-foreign-exchange-reserves-dip-by-2-795-billion","title":{"rendered":"Indian Foreign Exchange Reserves Dip by $2.795 Billion, Standing at $616.143 Billion"},"content":{"rendered":"\n
New Delhi:<\/strong> India’s foreign exchange reserves experienced a notable dip of USD 2.795 billion, settling at USD 616.143 billion for the week ending January 19, 2023. The central bank’s weekly statistical data shed light on a decline in the nation’s foreign currency assets (FCA), the largest component of its forex reserves, which decreased by USD 2.653 billion to USD 545.855 billion during the same week.<\/p>\n\n\n\n Gold<\/a> reserves also witnessed a decrease of USD 34 million, resting at USD 47.212 billion. Despite this downturn, the RBI<\/a> has bolstered its foreign exchange kitty by approximately USD 58 billion in the calendar year 2023. This stands in contrast to the cumulative slump of USD 71 billion in India’s forex reserves throughout 2022.<\/p>\n\n\n\n