NEW DELHI – India’s foreign exchange (forex) reserves, sharply declined by $6.925 billion, to $695.355 billion , during the week ended Oct 24, revealed the weekly data, released by the country’s central bank, the Reserve Bank of India (RBI), yesterday.
This was described as one of the biggest falls in India’s forex reserves in recent weeks. During the preceding week, the country’s forex reserves had risen by $4.496 billion.
According to the RBI data, the Foreign Currency Assets (FCAs) fell by $3.862 billion, to $566.548 billion, while the Gold Reserves decreased by $3.01 billion, to $105.536 billion.– NNN-PTI
