India Forex Reserve : The country's foreign exchange reserves fell by $ 4.11 billion to $ 640.28 billion in the week ended December 27. The Reserve Bank of India (RBI) gave this information on Friday. In the previous week, the country's foreign exchange reserves fell by $ 8.48 billion to $ 644.39 billion. The foreign exchange reserves have been declining for the last few weeks. The reason for this decline is believed to be RBI's intervention in the foreign exchange market to reduce the fluctuations in the rupee as well as valuation.

The foreign exchange reserves rose to an all-time high of US$ 704.88 billion at the end of September. According to data released on Friday, foreign currency assets, a major component of the foreign exchange reserves, declined by $ 4.64 billion to $ 551.92 billion in the week ended December 27.

Foreign currency assets stated in dollar terms include the effect of appreciation or appreciation of non-U.S. currencies such as the euro, pound and yen held in the foreign exchange reserves.

The value of gold reserves increased by $ 541 million to $ 66.27 billion during the week under review. Special Drawing Rights (SDR) fell by $ 12 million to $ 17.87 billion. According to Reserve Bank data, India's reserve with the International Monetary Fund (IMF) remained unchanged at $ 4.22 billion during the week under review.