India's forex reserves fell $2.027bn to $646.673bn in the week ended May 24, with foreign currency assets decreasing $1.51bn.
India's foreign exchange (Forex) reserves fell $2.027bn to $646.673bn in the week ended May 24, per Reserve Bank of India data. Foreign currency assets dropped $1.51bn to $567.499bn, gold reserves declined $482m to $56.713bn, SDRs decreased $33m to $18.135bn, and the IMF reserve position fell $1m to $4.326bn. This comes after an increase of $4.55bn the previous week, reaching an all-time high of $648.7bn.
May 31, 2024
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