Forex reserves decline by $6.47 billion to $675.65 billion, shows data

Quick Summary:

For the week ended November 8, foreign currency assets, a major component of the reserves, decreased by USD 4.467 billion to USD 585.383 billion, the data released on Friday showed.

India's forex reserves dropped by USD 6.477 billion to USD 675.653 billion for the week ended November 8, the RBI said on Friday.

In the previous reporting week, the forex reserves had dropped by USD 2.675 billion to USD 682.13 billion.

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Category: BusinessFinance

Markets: India

Topics: US Dollar Economy Foreign currency assets India economy Forex reserves Forex

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 17:34:43 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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