The RBI, in the past, has said that changes in reserves also stem from valuation gains or losses. (File)Mumbai: India’s foreign exchange reserves fell to $561.58 billion in the week through Jan. 6, the Reserve Bank of India’s (RBI) statistical supplement showed today.For the week ended Dec. 30, the country’s reserves were at $562.85 billion, down from $633.61 billion at the end of 2021.The central bank has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation. The central bank, in the past, has said that changes in reserves also stem from valuation gains or losses.The rupee was little changed in the week to Jan. 6 after trading in a narrow range. However, for the current week ending Jan. 13, it appreciated 1.7% against a subdued dollar.(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)Featured Video Of The DaySensex, Nifty End 2022 With Annual Gains Of Over 4%
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