India’s Forex reserves decline by $3.23 Billion to $654.85 Billion
India’s foreign exchange reserves fell by $3.23 billion to $654.85 billion for the week ending December 6, as reported by the Reserve Bank of India (RBI). This decline follows a previous increase of $1.51 billion during the prior week, which had ended a multi-week decrease in reserves.
Foreign currency assets, a key component of the reserves, dropped by $3.23 billion to $565.62 billion. Gold reserves also saw a minor decrease of $43 million, bringing them to $66.94 billion. Meanwhile, Special Drawing Rights (SDRs) rose by $25 million, reaching $18.03 billion, and India’s reserve position with the International Monetary Fund (IMF) increased by $12 million to $4.27 billion.
