Suspense Crime Sach Ka Dam
The decline in India‘s foreign exchange reserves that started a month and a half ago is continuing. In the week that ended on November 15, the country’s foreign exchange reserves registered a massive decline of $ 17.76 billion, after which it came down to $ 657.89 billion. Let us tell you that this is the 7th consecutive week when the country’s foreign exchange reserves have declined. Let us tell you that in the week that ended on September 27, the country’s foreign exchange reserves reached a new lifetime high of $ 704.88 billion with a bumper increase of $ 12.59 billion. Since then, it has been witnessing a continuous decline.
The decline in foreign exchange reserves has been continuing for several weeks.
In the week that ended on November 8, India’s foreign exchange reserves fell by $6.48 billion to $675.65 billion. Before that, in the week that ended on November 1, India’s foreign exchange reserves fell by $2.67 billion to $682.13 billion. In the previous week, that is, in the week that ended on October 25, the country’s foreign exchange reserves fell by a huge $3.46 billion to reach $684.80 billion.
Foreign exchange assets also declined by $ 15.55 billion.
According to the latest data released by the Reserve Bank of India on Friday, foreign currency assets, which are considered an important part of the foreign exchange reserves, fell by $ 15.55 billion to $ 569.83 billion in the week ended November 15. Foreign currency assets mentioned in dollar terms include the effect of fluctuations in non-US currencies such as the Euro, Pound, and Yen held in the foreign exchange reserves.
The value of gold reserves also declined.
During this period, the value of India’s gold reserves also fell by $ 2.07 billion to $ 65.75 billion. Apart from this, the Special Drawing Rights (SDR) fell by $ 94 million to $ 18.06 billion. According to the Reserve Bank’s data, India’s reserve with the International Monetary Fund (IMF) fell by $ 51 million to $ 4.25 billion in the week ending November 15.
