Forex Reserves Drop by UsD 3 BLN to UsD 699.736 BLN, Forex Reserves RBI Updates – Amar Ujala Hindi News Live

India’s foreign exchange reserves declined by $ 3.049 billion to $ 699.736 billion in the week ended July 4. RBI gave this information on Friday. In the previous reporting week, the total currency reserves rose US $ 4.849 billion to US $ 702.784 billion. In the end of September 2024, the reserves touched an all -time high level of US $ 704.885 billion.

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According to data released on Friday, a major component of foreign exchange reserves declined by $ 3.537 billion to $ 591.287 billion in the week ended on July 4.

Foreign exchange assets expressed in terms of dollars include the effect of value growth or depreciation of non-American units such as euros, pounds and yens placed in foreign exchange reserves. RBI has reported that the gold reserves rose US $ 342 million to US $ 84.846 billion during the week.

According to data released by the Reserve Bank of India, Special Drawing Rights (SDR) has increased by US $ 39 million to US $ 18.868 billion. According to top bank data, India’s reserve position in the IMF increased by US $ 107 million to US $ 4.735 billion in the week under review.

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