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India’s foreign exchange reserves fall by $908 mn – Social News XYZ


India's foreign exchange reserves fall by $908 mn

Mumbai, Oct 29 (SocialNews.XYZ) India’s foreign exchange reserves fell by $908 million during the week ended October 22.

The Reserve Bank of India’s (RBI) forex reserves fell to $640.100 billion from $641.008 billion reported for the week ended October 15.


India’s forex reserves comprise foreign currency assets (FCAs), gold reserves, SDRs, and the country’s reserve position with the IMF.

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $853 million to $577.098 billion.

Similarly, the value of the country’s gold reserves fell by $138 million to $38.441 billion.

However, SDR value rose by $74 million to $19.321 billion, and the country’s reserve position with the IMF increased by $10 million to $5.240 billion.

Source: IANS

India's foreign exchange reserves fall by $908 mn

About Gopi

Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.

He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.

When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.

He can be reached at gopi@socialnews.xyz





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India’s foreign exchange reserves fall by $908 mn – Social News XYZ

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