India's Forex Reserves Fall $1.71 Billion to $652 Billion

Indias foreign exchange reserves declined by $1.713 billion to $651.997 billion for the week ending June 28, according to the latest RBI data released on Friday. This follows a previous decline of $2.922 billion in the prior week.

The primary component of the forex reserves, foreign currency assets, decreased by $1.252 billion, totalling $572.881 billion.

Gold reserves saw a reduction of $427 million during the week ended June 28, settling at $56.528 billion for the week. Special Drawing Rights (SDRs) decreased by $35 million, amounting to $18.014 billion.

Indias reserve position with the International Monetary Fund (IMF) increased by $1 million, reaching $4.573 billion.

 

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