India’s FOREX Reserves Hit Lowest Level In 2 Years, Read To Know More About The Reserves!!
India's foreign exchange reserves have come down to a two-year low on October 21, to $ 524.520 billion. There was a decrease of $3.85 billion in foreign exchange reserves compared to a week before that. According to RBI data, for the previous week ended October 14, forex reserves stood at $ 528.367 billion. Let us tell you that two years ago, India's foreign exchange reserves were about $ 577.00 billion. According to the latest RBI data, foreign currency assets, the largest component of foreign exchange reserves, declined by $3.59 billion to USD 465.075 billion. The country's gold reserves declined by $247 million to reach $37.206 billion during this period. However, RBI data shows that the value of India's Special Drawing Rights (SDR) with the International Monetary Fund rose by $7 mi...
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