India’s foreign exchange reserves snapped a three-week gaining streak to drop to $635.72 billion as of February 14, coming off over one-month highs, data released by the central bank on Friday showed.
Foreign currency assets, the largest component of forex reserves, dropped by $4.515 billion to $539.591 billion.
Gold reserves, however, saw a rise of $1.942 billion, reaching $74.15 billion during the week.
Meanwhile, special drawing rights (SDRs) increased by $19 million to $17.897 billion, and Indias reserve position with the International Monetary Fund (IMF) edged up by $14 million to $4.083 billion.
Disclaimer
The above heading and content have been reproduced without alteration from the cited source solely for educational and informational purposes. We do not independently verify or assume liability for its accuracy, completeness, authenticity, or recency. All responsibility rests with the original source and respective news agency.
