Forex update: India’s reserves fall $6.9 bn to $695.35 bn; gold and foreign currency assets decline
Forex update: India’s reserves fall $6.9 bn to $695.35 bn; gold and foreign currency assets decline
India's foreign exchange reserves experienced a significant decline of $6.93 billion, falling to $695.35 billion in the week ending October 24. This drop was primarily driven by a decrease in foreign currency assets and a notable reduction in gold reserves. The overall reserves had previously seen an increase in the preceding week.
India's foreign exchange reserves experienced a significant decline of $6.93 billion, falling to $695.35 billion in the week ending October 24. This drop was primarily driven by a decrease in foreign currency assets and a notable reduction in gold reserves. The overall reserves had previously seen an increase in the preceding week.