India’s foreign exchange reserves continue to decline, decreasing by about $ 18 billion to reach $ 657.89 billion.

India Forex Reserve: The country’s foreign exchange reserves declined by $ 17.76 billion to US $ 657.89 billion in the week ending November 15. According to the latest data of RBI, a decline of about 18 billion dollars has been recorded in India’s foreign exchange reserves in the last week. The Reserve Bank of India (RBI) gave this information on Friday. Last week, the country’s foreign exchange reserves had declined by $6.47 billion to $675.65 billion.

Foreign exchange reserves reduced by $ 47 billion from all-time high

At the end of September, foreign exchange reserves had reached an all-time high of $ 704.88 billion. Since then it has been declining for the last several weeks. If seen from the highest level, the country’s foreign exchange reserves have decreased by 47 billion dollars ($46.99 billion).

Know the data of foreign currency assets

According to the data released by the Reserve Bank on Friday, foreign currency assets, considered an important part of the foreign exchange reserves, declined by $ 15.55 billion to $ 569.83 billion in the week ending November 15. Foreign currency assets, expressed in dollar terms, include the impact of movements in non-US currencies such as the euro, pound and yen held in foreign exchange reserves.

India’s gold reserve also decreased

In the week under review, the value of gold reserves decreased by $ 2.07 billion to $ 65.75 billion. Special Drawing Rights (SDR) declined by $94 million to $18.06 billion. According to Reserve Bank data, India’s reserves with the International Monetary Fund (IMF) declined by $51 million to $4.25 billion in the week ending November 15. At the end of September, foreign exchange reserves had reached the highest level of $ 704.88 billion. Since then it has been declining for the last several weeks.

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