 "Reserve Bank of India, RBI")
The Reserve Bank of India’s (RBI’s) foreign exchange reserves declined by $1.1 billion to $529.99 billion in the week ended November 4, latest data released by the central bank showed.
The data released last week showed that in the week ended October 28, the RBI’s reserves had risen by $6.6 billion, the sharpest increase in several months. Analysts said a large portion of the increase was due to revaluation.
The latest decline in the reserves was primarily on account of a fall in the RBI’s gold reserves, which fell by $705 million to 37.06 billion, the data showed.
The RBI’s
