Forex reserves fall to $ 603.93 billion after 10 weeks
The country’s foreign exchange reserves failed to maintain the 10-week fast and in the week ended June 18, the country’s foreign exchange reserves declined by $ 4.14 billion to $ 603.93 billion. Foreign exchange reserves rose by $3.07 billion to $608.08 billion for the week ended June 11, making India the fourth-largest country in the world.
According to the data released by the Reserve Bank of India today, forex reserves declined by $ 4.14 billion to $ 603.93 billion for the week ended June 18.
Forex assets, the largest component of forex reserves, fell by $1.97 billion to $561.54 billion. During this period, gold reserves declined by $2.17 billion to $35.93 billion.
Reserves with the International Monetary Fund declined by $46 million to $4.96 billion. Special drawing rights declined by $1.40 million to $1.49 billion.
