India's Forex Reserves Drop $10.75 Billion to $690.43 Billion - News18
[ad_1]
At the end of September, the reserves had hit an all-time high of $704.885 billion. India's gold reserves fall by $98 million to $65.658 billion during the week ended October 11. In one of the largest decreases in India’s forex reserves in recent times, the country’s foreign exchange kitty dropped $10.746 billion to $690.43 billion during the week ended October 11, according to the latest RBI data. This is the second consecutive week of decline. Gold reserves decreased by $98 million to $65.658 billion during the week ended on October 11. The special drawing rights (SDRs) were down by $86 million to $18.339 billion, the RBI data released on October 18 showed. In the previous week ended October 4, India’s forex reserves had declined $3.709 billion to $701.176 billion. At the end of September, the reserves had hit an all-time high of $704.885 billion. For the week ended October 11, foreign currency assets, a major component of the reserves, decreased by $10.542 billion ...