Breaking the trend of the fifth consecutive week of rising foreign exchange reserves, they fell by USD 571 million to USD 563.499 billion in the week that ended on December 16, Reserve Bank of India's Bulletin Weekly Statistical Supplement data showed on Friday.
India's foreign exchange reserves during the week that ended on December 9 rose by USD 2.91 billion to USD 564.07 billion. Notably, this is the fifth consecutive week of India's rising foreign exchange reserves.
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, rose by USD 1.76 billion to USD 484.28 billion.
New Delhi [India], February 2 (ANI): Prime Minister Narendra Modi on Wednesday said that India's forex reserves have increased to USD 630 billion from USD 200 billion due to the government's effective policies.