India’s foreign exchange reserves touch 2-year low amid weak rupee

in economy •  2 years ago 

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New Delhi [India]: India's forex reserves during the week that ended on October 21 fell to a new over two-year low of USD 524.520 billion, a decline of USD 3.85 billion from the previous week.Throughout the week that upright October 14, the nation's forex books were at 528.367 billion, RBI information showed. According to RBI's most current data, India's foreign currency properties, which are the most significant part of the forex gets, decreased by USD 3.59 billion to USD 465.075 billion.

The worth of gold books dropped by USD 247 million to USD 37.206 billion throughout the most recent week.The worth of India's Special Illustration Legal rights (SDRs) with the International Monetary Fund, nonetheless, climbed by USD 7 million to USD 17.440 billion during the week under testimonial, the RBI data revealed. Read More..

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