09-May-2024
Markets and Finance
 
India's forex reserves decline further after hitting record high
27-Apr-2024

India's foreign exchange reserves declined for the second week, after having risen for the seventh straight week to hit an all-time high of USD 648.562 billion. As per the latest data released by the Reserve Bank of India (RBI), the country's foreign exchange kitty declined by USD 2.828 billion to USD 640.334 billion in the April 19 week. India's foreign currency assets (FCA), the biggest component of the forex reserves, declined by USD 3.793 billion to USD 560.860 billion, the central bank's weekly statistical data showed. Gold reserves during the week rose by USD 1.010 billion to USD 56.808 billion.

News Source:- https://timesofindia.indiatimes.com/business/india-business/indias-forex-reserves-decline-further-after-hitting-record-high/articleshow/109631319.cms
 
 
 

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