The country’s foreign exchange reserves fell by $ 3.71 billion to $ 701.18 billion in the week ended October 4. The Reserve Bank of India (RBI) gave this information on Friday. In the previous week, the country’s foreign exchange reserves rose by $ 12.58 billion to $ 704.88 billion.
Foreign exchange reserves: The country’s foreign exchange reserves fell by $ 3.71 billion to $ 701.18 billion in the week ended October 4. The Reserve Bank of India (RBI) gave this information on Friday. In the previous week, the country’s foreign exchange reserves rose by $ 12.58 billion to an all-time high of $ 704.88 billion.
According to the data released by the Reserve Bank of India on Friday, foreign exchange assets, which are considered an important part of the currency reserves, fell by $ 3.51 billion to $ 612.64 billion in the week ended October 4.
Foreign exchange assets mentioned in dollar terms include the effect of fluctuations in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves. The value of gold reserves fell by $ 40 million to $ 65.75 billion in the week under review.
Special Drawing Rights (SDR) fell by $ 123 million to $ 18.42 billion. According to Reserve Bank data, India’s reserve position with the International Monetary Fund (IMF) declined by $35 million to $4.35 billion in the week under review.
