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India’s foreign exchange reserves down $2.71 bn – Social News XYZ


India's foreign exchange reserves down $2.71 bn

Mumbai, Dec 3 (SocialNews.XYZ) India’s foreign exchange reserves fell by $2.71 billion during the week ended November 26.

The Reserve Bank of India’s forex reserves decreased to $637.687 billion from $640.401 billion reported for the week ended November 19.


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 $1.048 billion to $574.664 billion. Similarly, the value of the country’s gold reserves fell by $1.566 billion to $38.825 billion, while the SDR value dipped by $74 million to $19.036 billion.

In addition, the country’s reserve position with the IMF was down $25 million to $5.162 billion.

Source: IANS

India's foreign exchange reserves down $2.71 bn

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 down $2.71 bn – Social News XYZ

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