Rediffmail Money rediffGURUS BusinessEmail

India's forex reserves drop by $3.23 bn to $654.85 bn

December 13, 2024 22:44 IST
Source:PTI
1 Minutes Read

India's forex reserves dropped by $3.23 billion to $654.86 billion for the week ended December 6, the RBI said on Friday.

Photograph: Dado Ruvic/Reuters

In the previous reporting week, the reserves had increased by $1.51 billion to $658.09 billion, ending a multi-week decline in the overall kitty.

 

The forex reserves had increased to an all-time high of $704.88 billion in end-September.

For the week ended December 6, foreign currency assets, a major component of the reserves, decreased by $3.23 billion to $565.62 billion, the data released on Friday showed.

Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.

Gold reserves decreased by $43 million to $66.94 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were up by $25 million to $18.03 billion, the apex bank said.

India's reserve position with the IMF was also up by $12 million to $4.27 billion in the reporting week, the apex bank data showed.

Source: PTI
© Copyright 2025 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.

RELATED STORIES

WEB STORIES

Dip Dip Hooray! 9 Totally Scoopable Dip Recipes

14 Must-Eat Nolen Gur Mishtis Before You Die

HP Victus 15 Launches: AI-Powered Gaming Beast

VIDEOS