India’s Forex Reserves Latest Updates

India’s Forex Reserves Latest UpdatesIndia’s Forex Reserves declined By $1.76 Billion To $630.19 Billion – As per the Reserve Bank of India (RBI) data, India’s Foreign exchange reserves has declined by $1.76 billion to $630.19 billion in the week ending February 11. the reason behind this is a sharp drop in the value of foreign currency assets.

  • In International Monetary Fun
  • d (IMF), India’s reserve position has declined by $16 million to $5.217 billion.
  • However, the value of gold reserves and special drawing rights (SDRs) have increased by $952 million to $40.235 billion.

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