India’s foreign exchange reserves fell by $2.33 billion to $700.24 billion in the week ended Sept. 26, the Reserve Bank of India said on Friday.
The reserves had declined by $396 million in the previous week to $702.57 billion.
The reserves had declined by $396 million in the previous week to $702.57 billion.
Foreign currency assets, the largest component of the reserves, dropped $4.39 billion to $581.76 billion. These assets include the impact of changes in the value of non-U.S. currencies such as the euro, pound and yen.
Gold reserves, however, rose by $2.24 billion to $95.02 billion, the data showed. Special Drawing Rights (SDRs) fell by $90 million to $18.79 billion, while India’s reserve position with the International Monetary Fund slipped by $89 million to $4.67 billion.
