Forex kitty dips $2.9bn to $652.9bn
India's forex reserves fell by $2.9 billion to $652.9 billion for the week ended June 14, influenced by the depreciation of non-US currencies like the euro, pound, and yen. Foreign currency assets decreased to $574.2 billion, with gold reserves dropping to $56 billion. SDRs declined to $18.1 billion, while the IMF reserve position increased to $4.6 billion.
India's forex reserves fell by $2.9 billion to $652.9 billion for the week ended June 14, influenced by the depreciation of non-US currencies like the euro, pound, and yen. Foreign currency assets decreased to $574.2 billion, with gold reserves dropping to $56 billion. SDRs declined to $18.1 billion, while the IMF reserve position increased to $4.6 billion. What's Your Reaction?
