Foreign exchange reserves fall for the third consecutive week, RBI released data

New Delhi: Forex reserves fell for the third consecutive week. The country’s foreign exchange reserves declined by $2.03 billion to $617.648 billion in the week ended March 25. The Reserve Bank of India (RBI) gave this information on Friday.

Earlier, in the week ended March 18, foreign exchange reserves had declined by $ 2.597 billion to $ 619.678 billion. Earlier, for the week ended March 11, 2021, foreign exchange reserves had declined by $ 9.646 billion to $ 622.275 billion.

According to the RBI’s weekly data released on Friday, the fall in forex reserves was due to depletion of foreign currency assets (FCAs), which constitute a significant part of the total reserves. According to the data, FCA declined by $3.202 billion to $550.454 billion for the week ended March 25.