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India's forex reserves dropped by $7.27 billion to $594.89 billion for the week ended August 18, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had risen by $708 million to $602.16 billion. The country's forex kitty had reached an all-time high of $645 billion in October 2021.
Agencies This is the first increase in the kitty after declining for three consecutive weeks. In the previous reporting week, the overall reserves had declined $2.42 billion to $601.45 billion. In October 2021, the country’s foreign exchange reserves touched an all-time high of $645 billion. The reserves took a hit as the central bank deployed
In the prior update, the total reserves had diminished by USD 2.417 billion, settling at USD 601.453 billion, , foreign exchange reserves, Reserve Bank of India (RBI), foreign currency assets
Gold reserves were down $340 million to $44.34 billion; the special drawing rights were up $51 million to $18.324 billion
India's foreign exchange reserves are up by $708 million to $602.161 billion for the week ending August 11, latest data by the Reserve Bank of India (RBI) showed on Friday. Previously, forex reserves fell by $2.41 billion to $601.5 billion for the week ended on August 4.