Suspense Crime Sach Ka Dam
The Reserve Bank of India released the latest data related to foreign exchange reserves on Friday, which were not good at all according to the government. According to the RBI, in the week that ended on November 1, India’s foreign exchange reserves fell by 2.67 billion dollars to 682.13 billion dollars. Let us tell you that this is the 5th consecutive week when India’s foreign exchange reserves have declined. 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 dollars to 684.80 billion dollars.
Forex reserves reached an all-time high of $704.88 billion in September
India’s foreign exchange reserves reached an all-time high of $704.88 billion at the end of September. 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. According to the latest data released by the RBI today on Friday, foreign currency assets, which are considered an important part of the foreign exchange reserves, also fell by $3.90 billion to $589.84 billion in the week that ended on November 1.
Value of gold reserves increased by $ 1.22 billion
Foreign currency assets mentioned in dollar terms include the effect of appreciation or depreciation of non-US currencies like Euro, Pound, and Yen held in the foreign exchange reserves. However, the value of India’s gold reserves increased by $1.22 billion to $69.75 billion in the week ended November 1. Special Drawing Rights (SDR) decreased by $1 million to $18.21 billion. According to Reserve Bank data, during this period, India’s reserve with the International Monetary Fund (IMF) decreased by $4 million to $4.32 billion.
