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Foreign exchange reserves: Foreign exchange reserves fell by $ 3.71 billion to $ 701.18 billion

The country’s foreign exchange reserves fell by $ 3.71 billion to $ 701.18 billion in the week ended October 4. The Reserve Bank of India (RBI) gave this information on Friday. In the previous week, the country’s foreign exchange reserves rose by $ 12.58 billion to $ 704.88 billion.

Foreign exchange reserves: The country’s foreign exchange reserves fell by $ 3.71 billion to $ 701.18 billion in the week ended October 4. The Reserve Bank of India (RBI) gave this information on Friday. In the previous week, the country’s foreign exchange reserves rose by $ 12.58 billion to an all-time high of $ 704.88 billion.

According to the data released by the Reserve Bank of India on Friday, foreign exchange assets, which are considered an important part of the currency reserves, fell by $ 3.51 billion to $ 612.64 billion in the week ended October 4.

Foreign exchange assets mentioned in dollar terms include the effect of fluctuations in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves. The value of gold reserves fell by $ 40 million to $ 65.75 billion in the week under review.

Special Drawing Rights (SDR) fell by $ 123 million to $ 18.42 billion. According to Reserve Bank data, India’s reserve position with the International Monetary Fund (IMF) declined by $35 million to $4.35 billion in the week under review.

Shikha Verma
Shikha Verma, has 3 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ [email protected]
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