Forex reserves decline by USD 1 bn to USD 697.93 bn
For the week ended June 20, foreign currency assets, a major component of the reserves, dropped by USD 357 million to USD 589.06 billion, the data released on Friday showed.
In the previous reporting week, the reserves had jumped by USD 2.29 billion to USD 698.95 billion. Forex reserves had touched an all-time high of USD 704.885 billion in September 2024.
Mumbai, Jun 27 (PTI) India's forex reserves dropped by USD 1.01 billion to USD 697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday.
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
The gold reserves were down by USD 573 million to USD 85.74 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) declined by USD 85 million to USD 18.672 billion, the apex bank said.
India's reserve position with the IMF also declined by USD 1 million to USD 4.45 billion in the reporting week, the apex bank data showed. PTI AA BAL BAL
This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
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