India's Forex Reserves Dip $1.2B in Week

  Published 1 year ago

India's forex reserves fell $1.237B to $691.485B in the week ended May 30, driven by foreign currency asset decline and SDRs, offset by gold gains.

  • Foreign currency assets dropped $1.952B to $584B, the major reserves component.
  • Gold reserves rose $723M to $84.305B, partly offsetting forex decline.
  • SDRs and IMF reserves fell $2M and $6M, respectively minor declines.
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