Home » India’s Foreign Exchange Reserves Dip to 4-Month Low
Asia Defense Economy Featured India News Politic World News

India’s Foreign Exchange Reserves Dip to 4-Month Low

India’s foreign exchange reserves fell by 2.335 billion U.S. dollars to 590.7 billion dollars during the week ending Sept. 22, according to the latest data released by the central bank, the Reserve Bank of India (RBI).

That was the lowest foreign reserves in the past four months. It was also the third consecutive week that India’s forex reserves had declined.

According to the data, foreign currency assets decreased by 2.55 billion dollars to 523.36 billion dollars. Gold reserves increased by 307 million dollars to 44.307 billion dollars. Special Drawing Rights dipped by 79 million dollars to 18.01 billion dollars.

The country’s Reserve position in the International Monetary Fund decreased by 11 million dollars to 5.02 billion dollars.