Forex reserves drop by USD 3 bln to USD 699.736 bln
In the previous reporting week, the overall reserves had jumped by USD 4.849 billion to USD 702.784 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024.
Mumbai, Jul 11 (PTI) India's forex reserves dropped by USD 3.049 billion to USD 699.736 billion in the week ended July 4, the RBI said on Friday.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves were up by USD 342 million to USD 84.846 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) were up by USD 39 million to USD 18.868 billion, the apex bank said.
India's reserve position with the IMF jumped by USD 107 million to USD 4.735 billion in the reporting week, the apex bank data showed. PTI AA HVA
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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