Forex Reserve: India's foreign exchange reserves fell again, declined by 462 million dollars; Gold reserve also decreased
Forex Reserve: Releasing its latest figures, the central bank RBI said that India's foreign exchange reserves have decreased in the week ending November 10. India's foreign exchange reserves fell by $462 million to $590.321 billion. However, India's foreign exchange reserves had increased in the last week ending November 3. Read what is the complete news.
Releasing the latest data, the Reserve Bank of India (RBI) said that India's foreign exchange reserves have decreased in the week ending November 10.
India's forex reserves have declined by US $ 462 million to US $ 590.321 billion in the week under review. However, in the last week i.e. the week ending November 3, there was an increase in India's foreign exchange reserves.
India's foreign exchange reserves increased by US $ 4.672 billion to US $ 590.783 billion during that period.
India had the highest foreign exchange reserves in October 2021. India then had forex reserves of US $ 645 billion. However, after this, the RBI had spent the foreign exchange reserves to stop the fall in the rupee.
RBI said gold reserves declined by US $ 608 million to US $ 45.515 billion during the week under review.
RBI said special drawing rights (SDRs) rose by US$36 million to US$18.011 billion. According to the data, India's reserve position with the IMF (International Monetary Fund) increased by US $ 3 million to US $ 4.791 billion in the week under review.
