In brief
India's foreign‑exchange reserves fell 1.269 billion USD to 719.748 billion USD in the week ended Oct. 23, marking the seventh consecutive week of decline. The Reserve Bank of India said the Foreign Currency Assets rose 1.358 billion USD while gold reserves fell 2.65 billion USD. The fall follows a previous drop of more than 5 billion USD the week before.
India’s foreign‑exchange reserves fell 1.269 billion US dollars to 719.748 billion US dollars in the week ending Oct. 23, the Reserve Bank of India (RBI) said on Friday.
This is the seventh week in a row that India’s reserves have slid, after a steep 5‑billion‑dollar fall in the prior week.
During the same period, the RBI reported that the country’s Foreign Currency Assets increased by 1.358 billion US dollars to 593.205 billion US dollars.
Gold holdings, however, dropped 2.65 billion US dollars to 103.15 billion US dollars.
The weekly bulletin gives RBI analysts a look at how India manages its buffer against currency pressures and global market moves.
