Forex Reserve: India's foreign exchange reserves have again declined and due to this the country's forex reserves have come down to $ 654.86 billion. The country's foreign exchange reserves fell by $ 3.23 billion to $ 654.86 billion in the week ending December 6. The Reserve Bank of India gave this information on Friday. In the previous week, the country's foreign exchange reserves had increased by $ 1.51 billion to $ 658.09 billion.

Foreign exchange reserves crossed $700 at the end of September

The foreign exchange reserves reached an all-time high of $704.88 billion at the end of September. According to Reserve Bank data, India's reserves with the International Monetary Fund (IMF) increased by $12 million to $4.27 billion in the week ending December 6.

FCA also saw a decline

According to the data released by the Reserve Bank on Friday, Foreign Currency Assets (FCA), which are considered an important part of the foreign exchange reserves, fell by $3.23 billion to $565.62 billion in the week ending December 6. Foreign currency assets in dollar terms include the effect of the increase or decrease in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves.

The value of the country's gold reserve also decreased

In the week ended December 6, the value of gold reserves fell by $43 million to $66.93 billion and the Special Drawing Rights (SDR) rose by $25 million to $18.03 billion.

The answer was given by the government in the Finance Ministry

In a reply given by the government in the Lok Sabha, the Finance Ministry said that our country is in a much better position than many countries in the world in terms of forex reserves. At present, India has reached the fourth position in the list of countries that have the highest forex reserves.