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.