India’s foreign currency reserves fell by 2.33 billion US dollars last week, according to the central bank, the Reserve Bank of India.
The total reserves now stand at 700.24 billion dollars. This marks the second consecutive week of decline.
What changed in the reserves?
- Foreign currency assets dropped by 4.39 billion dollars to 581.76 billion dollars.
- Gold reserves rose by 2.24 billion dollars, reaching 95.02 billion dollars.
- Special Drawing Rights (SDRs) decreased by 90 million dollars to 18.79 billion dollars.
- IMF reserve position fell by 89 million dollars to 4.67 billion dollars.
Officials say the changes reflect global market movements and currency adjustments.
