India’s foreign exchange reserve shrinks by $2.67 billion to $593 billion

India’s foreign exchange reserves fell by $2.67 billion to $593.28 billion for the week ending May 13.


In the previous week, foreign exchange reserves stood at $595.95 billion.

Of the $593.28 billion in foreign exchange reserves held by India, $529.55 billion are in foreign currency assets, $40.57 billion in gold, $18.20 billion in special drawing, which is an international reserve asset created by the International Monetary Fund (IMF), and $4.95 billion in reserve position at the IMF.

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First published: Saturday, May 21, 2022. 01:50 IST