Forex reserves of India falls $1.72 billion to $291.96 billion

Forex reserves of India falls $1.72 billion to $291.96 billion.

Foreign Exchange Reserves dropped $1.72 billion to $291.96 billion in the week ended May 17.

The country’s forex reserves were down because of a fall of $1.68 billion in foreign currency assets in the reporting week.

There was no change in the country’s gold reserves at $23.97 billion from the previous reporting week. Special drawing rights and reserve position in International Monetary Fund fell $24 million and $12.6 million respectively.

Leave a Reply

Your email address will not be published. Required fields are marked *