Forex kitty drops by $2.67 bn to $682.13 bn

November 08, 2024 17:53

India's forex reserves declined by $2.675 billion to $682.13 billion for the week ended November 1, the RBI said on Friday.

In the previous reporting week, the overall reserves had dropped by $3.463 billion to $684.805 billion.

In September- end, the reserves had hit an all-time high of $704.885 billion.

For the week ended November 1, foreign currency assets, a major component of the reserves, decreased by $3.902 billion to $589.849 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 increased by $1.224 billion to $69.751 billion during the week, the RBI said.

The Special Drawing Rights were down by $1 million to $18.219 billion, the apex bank said.

India's reserve position with the IMF was up by $4 million to $4.311 billion in the reporting week, the data showed. -- PTI

« Back to LIVE

TOP STORIES

LIVE! Can Sena (UBT) win civic polls? Uddhav takes stock

AAP threatens to break INDIA bloc if Cong doesn't...

The Aam Aadmi Party launched a scathing attack on the Congress on Thursday, accusing it of colluding with the Bharatiya Janata Party for the upcoming Delhi assembly polls to harm the prospects of the Arvind Kejriwal-led party.

Konstas Breaks Silence On Kohli Clash

'I was just doing my gloves when I got the little shoulder charge, but it happens in cricket.'

Konstas, Bumrah Share Honours On Day 1

The four wickets that India prised out in the third session, on balance, swung the game back in their favour, says Prem Panicker .

BJP up in arms over 'wrong' Kashmir map on Cong poster

A controversy has erupted over the alleged misrepresentation of the India map on the posters displayed by the Congress to commemorate the centenary of 1924 Congress session in Karnataka's Belagavi, with the Bharatiya Janata Party dubbing...