India’s foreign exchange reserves decline by $7.5 billion to $681.38 billion (about $681.4 billion), according to Reserve Bank of India (RBI) data reported by multiple outlets. The fall happens over the week in focus. Both sources also report that the value of gold reserves decreases during the same period, dropping to $114.786 billion from a higher level previously. One outlet attributes the overall decline to RBI interventions along with lower holdings in gold and foreign currency assets, which together reduce the total reserves. Another confirms the headline fall in forex reserves and provides the corresponding gold reserve figure. The reporting is based on the RBI’s weekly reserve update and reflects changes across components of India’s foreign exchange holdings, including gold and foreign currency assets, as they are accounted for in the reserve totals.
India’s foreign exchange reserves fall by $7.5 billion to about $681.4 billion
India’s foreign exchange reserves decline by $7.5 billion to $681.38 billion (about $681.4 billion), according to Reserve Bank of India (RBI) data reported by multiple outlets. The fall happens over t...
- India’s foreign exchange reserves fall by about $7.5 billion to $681.38 billion (around $681.4 billion).
- RBI data are cited as the source for the weekly reserve change.
- Gold reserves decline to $114.786 billion.
- The decline is linked to reductions in gold and foreign currency assets, alongside RBI interventions (as described by one outlet).
- The figures refer to the week covered by the RBI’s latest releases.
The value of gold reserves also declined to $4.53 billion to $114.786 billion during the week, the RBI said
2 months agoIndia's forex reserves fell sharply as RBI interventions and declining gold and foreign currency assets weighed on the overall kitty
2 months ago
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