Mumbai: India's Forex Reserve Dropped By $ 1.8 Billion to $ 638.7 Billion in the Week Ended Feb 28, Reserve Bank of India said on friday.
The overall Forex kitty had jumped by $ 4.8 billion to $ 640.5 billion in the Previous Reporting Week. At the end of Sept 2024, The Forex Reserves Touched an all-time of high of $ 704.9 billion. For the week ended Feb 28, Foreign Currency Assets, A Major Component of the Reserves, Decreased by $ 493 Million to $ 543.4 billion, the data released on Friday showed. Expressed in dollar terms, the Foreign currency assets include the effect of appreciation or depreciation of non-units like the euro, pound and yen held in the furigan exchanges.
Gold reserves decreased by $ 1.3 billion to $ 73.3 billion during the week, RBI said. The sdrs were up by $ 27 million to near $ 18 billion, The Apex Bank Said.
(Tagstotranslate) Business News (T) Reserve Bank of India (T) India Gold Reserves (T) India Forex Reserves News (T) India Foreign Currency Assets (T) Forex Reserves Indian (T) Forex Reserve 2024 (T) Forex Reserves Drop
Leave a Reply