MUMBAI: India’s foreign exchange reserves dropped $2.4 billion to $637.9 billion as on April 26, the third consecutive weekly decline in reserves, RBI stated on Friday. In the earlier reporting week, general reserves had declined $2.3 billion to $640.3 billion.
For the week ended April 5, reserves had hit an all-time excessive of $648.6 billion following a number of weeks of will increase.The earlier excessive of $642.5 billion achieved in Sept 2021 received surpassed in March this 12 months.
For the week ended April 26, international foreign money belongings — a significant element of the reserves — decreased $1.2 billion to $559.7 billion, the info confirmed. Expressed in greenback phrases, international foreign money belongings embrace the impact of appreciation or depreciation of non-US models like euro, pound and yen held within the international change reserves. Gold reserves decreased $1.3 billion to $55.5 billion through the week, RBI stated. The particular drawing rights had been up $15 million to $18 billion, RBI stated.
For the week ended April 5, reserves had hit an all-time excessive of $648.6 billion following a number of weeks of will increase.The earlier excessive of $642.5 billion achieved in Sept 2021 received surpassed in March this 12 months.
For the week ended April 26, international foreign money belongings — a significant element of the reserves — decreased $1.2 billion to $559.7 billion, the info confirmed. Expressed in greenback phrases, international foreign money belongings embrace the impact of appreciation or depreciation of non-US models like euro, pound and yen held within the international change reserves. Gold reserves decreased $1.3 billion to $55.5 billion through the week, RBI stated. The particular drawing rights had been up $15 million to $18 billion, RBI stated.
