India's foreign exchange reserves continue to decline
The country's foreign exchange reserves fell by $17.76 billion to $657.89 billion in the week ending november 27. According to the latest RBI data, a decline of nearly $18 billion has been recorded in India's foreign exchange reserves in the past week. The bank OF INDIA' target='_blank' title='reserve bank of india-Latest Updates, Photos, Videos are a click away, CLICK NOW">reserve bank of india (RBI) gave this information on Friday. In the previous week, the country's foreign exchange reserves fell by $6.47 billion to $675.65 billion.
Foreign exchange reserves fall by $47 billion from all-time high
In late September, the foreign exchange reserves reached an all-time high of $704.88 billion. Since then, it has been declining for the last several weeks. If seen from the highest level, the country's foreign exchange reserves have fallen by $47 billion (46.99 billion).
Know the data of foreign currency assets
According to the data released by the Reserve bank on Friday, in the week ending on november 15, foreign currency assets, which are considered an important part of the foreign exchange reserves, fell by $ 15.55 billion to $ 569.83 billion. Foreign currency assets expressed in dollar terms include the effect of the increase or decrease in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves.
India's gold reserve also decreased
In the week under review, the value of gold reserves fell by $ 2.07 billion to $ 65.75 billion. Special Drawing Rights (SDR) fell by $ 94 million to $ 18.06 billion. According to the data of the Reserve bank, in the week ending on november 15, India's reserve with the international Monetary Fund (IMF) fell by $ 51 million to $ 4.25 billion. At the end of September, the foreign exchange reserves had reached the highest level of $ 704.88 billion. Since then it has been falling for the last several weeks.