India’s Forex Reserves Fall $1.18B

  Published 9 months ago

India’s forex reserves fell by $1.18 billion to $695.49 billion for the week ended July 18, RBI data showed.

  • Foreign currency assets dropped $1.201 billion to $587.609 billion, the largest component of total reserves.
  • Gold reserves rose by $150 million to $84.499 billion, partly offsetting the overall dip.
  • SDRs and IMF reserve position declined by $119 million and $13 million, respectively, during the week.

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