India’s Forex Reserves Drop $9.32B

  Published 9 months ago

India’s forex reserves fell $9.32B to $688.87B in the week ending Aug 1, near September 2024’s record high.

  • Foreign currency assets stood at $581.61B, the largest component of total forex reserves.
  • Gold reserves dropped $1.71B to $83.998B, contributing to the weekly decline.
  • Despite the fall, reserves remain just below the all-time high of $704.89B hit in September 2024.

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