India’s forex reserves at 2-year low amid depreciating rupee
India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
India's foreign exchange reserves during the week that ended on October 14 fell to an over two-year low of USD 528.367 billion, a drop of USD 4.5 billion from the previous week.
In the previous week ended August 28, the reserves had surged by USD 3.883 billion to USD 541.431 billion.
The reserves stood at $534.568 billion for the week ended July 31.
Governor Shaktikanta Das said the reserves at $534.6 billion are equivalent to 13.4 months of imports.
Foreign currency assets (FCA), a major component of the overall reserves, increased.
FCAs, the largest component of the forex reserves, edged lower by $631.6 million to $367.86 billion during the week ended December 14.
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