India’s forex reserves drop by $3.463B to $684.805B

Quick Summary:

For the week ended October 25, foreign currency assets, a major component of the reserves, decreased by $4.484 billion to $593.751 billion, the data released by RBI showed.

India’s reserve position with the International Monetary Fund was down by $9 million to $4.307 billion in the reporting week, the apex bank data showed.

In end-September, the reserves had hit an all time high of $704.885 billion.

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Author / Journalist: Press Trust of India

Category: StartupsEconomyBusiness

Markets: India

Topics: Week Foreign Forex Policy $684 Reserves Privacy India’s Terms Billion Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 05:46:09 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 179 words

Reading Time: 1 minutes read

Sentences: 16 lines

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News ID: 23368652

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