India’s foreign exchange reserves fell by $4.82 billion to $698.49 billion in the week ended April 24, data released by the Reserve Bank of India (RBI) showed on Friday.
Foreign currency assets (FCAs), the largest component of the reserves, declined by $2.84 billion to $554.62 billion during the week.
Gold reserves dropped by $1.90 billion to $120.24 billion, while Special Drawing Rights (SDRs) slipped by $67 million to $18.77 billion.
India’s foreign exchange reserves fell by $4.82 billion to $698.49 billion in the week ended April 24, data released by the Reserve Bank of India (RBI) showed on Friday.
Foreign currency assets (FCAs), the largest component of the reserves, declined by $2.84 billion to $554.62 billion during the week.
Gold reserves dropped by $1.90 billion to $120.24 billion, while Special Drawing Rights (SDRs) slipped by $67 million to $18.77 billion.
The Reserve Bank of India monitors the forex market closely and intervenes as needed to ensure orderly conditions, without targeting any specific exchange rate level.
Source Name : Economic Times