India’s foreign exchange reserves reshuffle, know what the latest figures say

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Photo: Pexels The RBI has released the week’s figures on ending July 11.

The data released by the Reserve Bank of India (RBI) on Friday stated that India’s foreign exchange reserves have come down by $ 3.064 billion to $ 696.672 billion. The decline was recorded during the week ended on 11 July. According to PTI news, last week, India’s total foreign exchange reserves fell by $ 3.049 billion to $ 699.736 billion. India’s foreign exchange reserves reached the highest level so far with $ 704.885 billion in late September 2024.

The biggest decline in foreign currency assets

According to the RBI, in the week ended July 11, Forex assets, which are the major part of the total reserves, fell by $ 2.477 billion to $ 588.81 billion. These assets expressed in the dollar value also include the effect of fluctuations in the value of non-American currencies such as euros, pounds, yen. Gold reserves declined by $ 498 million to $ 84.348 billion this week.

Special Drawing Rights (SDR) declined by $ 66 million and declined to $ 18.802 billion. According to top bank data, India’s reserved position in IMF declined by US $ 24 million to US $ 4.711 billion.

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