 "FY25 stock market performance, Nifty FY25 returns, Sensex FY25 performance, Nifty Midcap 100 gains, Nifty Smallcap 100 returns, gold price surge FY25, rupee depreciation FY25, Indian equity market trends, foreign portfolio investors selling, FPI outf")
India's forex reserves dropped by $1.01 billion to $697.93 billion for the week ended June 20, the Reserve Bank of India said on Friday.
In the previous reporting week, the reserves had jumped by $2.29 billion to $698.95 billion. Forex reserves had touched an all-time high of $704.885 billion in September 2024.
For the week ended June 20, foreign currency assets, a major component of the reserves, dropped by $357 million to $589.06 billion, the data released on Friday showed.
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 $573 million to $85.74 billion during the week, the RBI said.
The Special Drawing Rights (SDRs) declined by $85 million to $18.672 billion, the apex bank said.
India's reserve position with the IMF also declined by $1 million to $4.45 billion in the reporting week, the apex bank data showed.
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 "Trade")
 "According to industry estimates, in 2024, tea imports from Nepal stood at 15.95 million kg (mkg). A significant quantity was of the orthodox variety that competes with the Darjeeling tea. In 2024, Darjeeling tea production was at 5.6 mkg.")
 "US-India, US-India flag, US India flag")
 "shipping, trade, shipping industry")
 "India, Indians, mumbai, population, economy")
