India's Forex Reserves Drop to 653 Billion USD
TEHRAN (ANA)- The Reserve Bank of India (RBI) announced that foreign exchange (forex) reserves dropped to 652.86 billion U.S. dollars during the week ended Dec. 13.
This was described as the lowest forex reserves in the past six months.
According to the RBI's data, this was the second consecutive week when the forex reserves had declined.
The forex reserves' biggest component, the Foreign Currency Assets (FCAs) fell by 3.05 billion U.S. dollars to 562.57 billion dollars, even as the gold reserves increased by 1.12 billion dollars to 68.06 billion dollars.
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