The country’s foreign exchange reserves declined over 1.2 billion US dollars to 719.7 billion US dollars during the week ended on 23rd of this month. According to the Reserve Bank of India’s data, Gold reserves dropped by 2.6 billion US dollars to 103 billion US dollars. Country’s reserve position with the International Monetary Fund fell four million to 4.78 billion US dollars.
In contrast, Foreign currency assets, the largest component of the reserves, rose 1.3 billion US dollars to 593.2 billion US dollars during the week. Special Drawing Rights grew by 27 million US dollars to 18.6 billion US dollars.
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