Mumbai/New Delhi, February 21 (HS): There has been a decline in foreign exchange reserves again. After three weeks of increase, the country's foreign exchange reserves fell by $ 2.54 billion to $ 635.72 billion in the week ended February 14. Last week, the foreign exchange reserves rose by $ 7.65 billion to reach $ 638.26 billion.

The Reserve Bank of India (RBI) said in data released on Friday that the country's foreign exchange reserves fell by $ 2.54 billion to $ 635.72 billion in the week ended February 14. During this period, foreign exchange assets, a major component of foreign exchange reserves, also fell by $ 4.51 billion to $ 539.59 billion. However, during this period, the value of gold reserves increased by $ 1.94 billion to $ 74.15 billion.

According to the RBI, the Special Drawing Rights (SDR) increased by $ 19 million to $ 17.89 billion in the week ended February 14.

According to the data, during this period, India's reserve with the International Monetary Fund (IMF) increased by $ 14 million to $ 4.08 billion.

It is worth noting that earlier at the end of September 2024, the country's foreign exchange reserves had increased to a high of $ 704.885 billion.

Hindusthan Samachar / Jun Sarkar