NEW DELHI, Nov 1 (NNN-PTI) – India’s foreign exchange (forex) reserves, sharply declined by 6.925 billion U.S. dollars, to 695.355 billion dollars, during the week ended Oct 24, revealed the weekly data, released by the country’s central bank, the Reserve Bank of India (RBI), yesterday.
This was described as one of the biggest falls in India’s forex reserves in recent weeks. During the preceding week, the country’s forex reserves had risen by 4.496 billion dollars.
According to the RBI data, the Foreign Currency Assets (FCAs) fell by 3.862 billion dollars, to 566.548 billion dollars, while the Gold Reserves decreased by 3.01 billion dollars, to 105.536 billion dollars.– NNN-PTI
