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RBI reported that India's foreign exchange reserves fell by $1.01 billion, achieving $697.93 billion
Forex Reserves: The country's foreign exchange reserves fell by $ 1.01 billion to $ 697.93 billion during the week ended June 20. The Reserve Bank of India gave this information on Friday. At the same time, gold reserves fell by $ 573 million to $ 85.74 billion.
The foreign exchange reserves of India fell by $ 1.01 billion to $ 697.93 billion in the week up to June 20. In the previous week, the reserves had increased by $ 2.29 billion to $ 698.95 billion. The foreign exchange reserves had touched an all-time high of $ 704.885 billion in September 2024.
According to the data released on Friday, foreign exchange assets, a major component of foreign exchange reserves, fell by $ 357 million to $ 589.06 billion. Foreign currency assets also include the impact of fluctuations in other currencies like the euro, pound, and yen against the dollar.
The Reserve Bank of India said that gold reserves fell by $ 573 million to $ 85.74 billion during the week. The central bank said that Special Drawing Rights (SDR) fell by $ 85 million to $ 18.672 billion. Apart from this, India's reserve position in the International Monetary Fund (IMF) also fell by $ 1 million to $ 4.45 billion.
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