The country’s foreign exchange reserves declined by $ 249 million to $ 538.69 billion in the week ended 12 February. In the previous week, it had decreased by $ 6.24 million to $ 583.94 billion.
According to weekly data released by the Reserve Bank of India, in the week ended February 12, foreign currency assets, the largest component of foreign exchange reserves, fell by $ 1.38 billion to $ 540.95 billion. Gold reserves rose by $ 1.26 billion to $ 36.22 billion during this period. The Reserve Fund with the International Monetary Fund declined by $ 132 million to $ 5.0 billion in this week, while the exclusive Vidra rights fell by $ 10 million to $ 1.50 billion.
Rs 4.02 lakh crore hike in cost of 448 infrastructure projects