- November 2, 2024
India’s Forex Reserves Drop by $3.463 Billion to $684.805 Billion – News18
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For the week ended October 25, foreign currency assets, a major component of the reserves, decreased by $4.484 billion to $593.751 billion, according to the latest RBI data.
The Special Drawing Rights (SDRs) were down by $52 million to $18.219 billion.
India’s forex reserves declined by $3.463 billion to $684.805 billion in the week ended October 25, according to the latest data from the RBI. The overall reserves had dropped by $2.163 billion to $688.267 billion in the previous reporting week. In end-September, the reserves had hit an all time high of $704.885 billion.
For the week ended October 25, foreign currency assets, a major component of the reserves, decreased by $4.484 billion to $593.751 billion, the RBI data released on Friday showed.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
Gold reserves increased by $1.082 billion to $68.527 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were down by $52 million to $18.219 billion. India’s reserve position with the IMF was down by $9 million to $4.307 billion in the reporting week, according to the latest RBI data.
