India’s forex reserves fall by $1.14 billion to $640.8 billion – Times of India

Mumbai: Of India foreign currency The Reserve Bank on Friday said reserves declined by $1.145 billion to $640.874 billion for the week ended November 5 due to a fall in currency and gold assets.
Total reserves increased by $1.919 billion to $642.019 billion for the previous reporting week.
Foreign exchange assets, a major part of total reserves, declined by $881 million to $577.581 billion for the reporting week, RBI said in weekly data.
Expressed in dollar terms, foreign currency assets include the effect of depreciation or depreciation of non-US units such as the euro, pound and yen. foreign exchange reserves,
The data shows that the value of gold reserves declined by $234 million to $38.778 billion in the reporting week.
The Special Drawing Rights (SDR) with the International Monetary Fund (IMF) declined by $17 million to $19.287 billion.
The country’s reserve position with the IMF declined by $1.4 million to $5.228 billion in the reporting week, the data showed.

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