Gold reserves decreased by USD 1.015 billion to USD 55.967 billion.
Mumbai:
India’s foreign exchange reserves dropped by USD 2.922 billion to USD 652.895 billion for the week ended June 14, the Reserve Financial institution mentioned on Friday.
Within the earlier reporting week, the kitty had jumped by USD 4.307 billion to USD 655.817 billion, a brand new all-time excessive after consecutive weeks of improve within the reserves.
For the week ended June 14, overseas forex property, a serious element of the reserves, decreased by USD 2.097 billion to USD 574.24 billion, the info launched on Friday confirmed.
Expressed in greenback phrases, the overseas forex property embrace the impact of appreciation or depreciation of non-US models just like the euro, pound and yen held within the overseas trade reserves.
Gold reserves decreased by USD 1.015 billion to USD 55.967 billion throughout the week, the RBI mentioned.
The Particular Drawing Rights (SDRs) have been down by USD 54 million to USD 18.107 billion, the apex financial institution mentioned.
India’s reserve place with the IMF was up by USD 245 million to USD 4.581 billion within the reporting week, the apex financial institution information confirmed.
(Aside from the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)
