look news india
Mumbai/New Delhi, 18 October (HIST). There has been a decline in foreign exchange reserves for the second consecutive week. The country's foreign exchange reserves declined by $10.746 billion to $690.43 billion in the week ending October 11. Due to this, last week the foreign exchange reserves had decreased by $ 3.709 billion to $ 701.176 billion.
The Reserve Bank of India (RBI) said in the data released on Friday that in the week ending October 11, the country's foreign exchange reserves have decreased by $ 10.746 billion to $ 690.43 billion. During this period, foreign currency assets, an important component of foreign exchange reserves, decreased by $ 10.542 billion to $ 602.101 billion. According to the data, the reserve value of gold reserves declined by $98 million to $65.658 billion.
According to the data, Special Drawing Rights (SDR) also declined by US $ 86 million to US $ 18.339 billion in the week ending October 11. Apart from this, India's reserves with the International Monetary Fund (IMF) have decreased by 20 million US dollars to 4.333 billion dollars. The country's foreign exchange reserves had reached an all-time high of US$704.885 billion at the end of September.
