India’s forex reserves fall by $2.176bn

Bangla Press Desk: India’s foreign exchange (forex) reserves fell by US$2.176 billion to US$697.784 billion during the week ended on 10 October, according to the weekly data released by the country’s central bank on Friday.

This was the fourth consecutive week when the forex reserves declined.

According to the central bank’s data, the Foreign Currency Assets decreased by US$5.605 billion to US$572.103 billion, while the Gold Reserves increased by US$3.595 billion to US$102.365 billion.

The Special Drawing Rights also fell by US$130 million to US$18.684 billion. And, India's Reserve Position in the International Monetary Fund fell by US$36 million to US$4.632 billion. This article was originally published on the Daily Sun.

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