Foreign Portfolio Investors Pulled Out His Money From Indian Stock Market Check Here Details

Foreign Portfolio Investment: The country’s foreign exchange reserves (FPI) are seeing a decline for the third consecutive week. According to the Reserve Bank of India (RBI) data, the country’s foreign exchange reserves declined by $ 77 million to $ 635.828 billion in the week ended December 10. According to the data, in the previous week, foreign exchange reserves had declined by $ 1,783 billion to $ 635.905 billion.

RBI released data
According to RBI’s weekly data, the reason for the fall in foreign exchange reserves in the reporting week ended December 10 was due to fall in foreign currency assets (FCA), which constitute a significant part of the total reserves.

FCA also gains
According to RBI data, FCAs declined by $321 million to $572.86 billion during the week. Foreign currency assets expressed in dollars also include the movement of non-US currency such as the euro, pound and yen held in foreign exchange reserves.

Increase in gold reserve
During this period, the value of gold reserves increased by $ 291 million to $ 38.709 billion. Special drawing rights with the International Monetary Fund (IMF) declined by $37 million to $19.089 billion in the week under review. The country’s currency reserves in the International Monetary Fund declined by $ 10 million to $ 5.17 billion.

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