The country's foreign exchange reserves decreased by $ 2.163 billion to $ 688.267 billion. – ..

Mumbai/New Delhi, 25 October (Hindustan Reporter). The country’s foreign exchange reserves have declined by $2.163 billion to $688.267 billion in the week ending October 18. Last week, foreign exchange reserves had decreased by $ 10.75 billion to $ 690.43 billion.

The Reserve Bank of India said in the data released on Friday that in the week ending October 18, the country’s foreign exchange reserves have decreased by $ 2.163 billion to 688.267 billion. This is the biggest decline in foreign exchange reserves in recent times. Due to this, last week the foreign exchange reserves had decreased by $ 10.75 billion to $ 690.43 billion. In the previous week, foreign exchange reserves had declined by $3.71 billion to $701.18 billion.

According to the data, in the week ending October 18, foreign currency assets, considered an important component of foreign exchange reserves, also declined by $ 3.87 billion to $ 598.24 billion. Although during this period the reserve value of gold reserves increased by $ 17.9 million to $ 67.44 billion, but the Special Drawing Rights decreased by $ 68 million to $ 18.27 billion. Apart from this, India’s reserves with the International Monetary Fund decreased by $16 million to $4.32 billion. It is noteworthy that at the end of September, the country’s foreign exchange reserves had reached an all-time high of $ 704.885 billion.