Forex reserves dip for 3rd week in row, reach $688 billion level

India's foreign exchange reserves fell to $688.2 billion by Oct 18, marking a third consecutive week of decline with a drop of nearly $2.2 billion. The decline follows a $14.5 billion decrease over the previous two weeks, partly offset by a $1.8 billion rise in gold holdings.

Oct 26, 2024 - 04:30

Forex reserves dip for 3rd week in row, reach $688 billion level

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India's foreign exchange reserves fell to $688.2 billion by Oct 18, marking a third consecutive week of decline with a drop of nearly $2.2 billion. The decline follows a $14.5 billion decrease over the previous two weeks, partly offset by a $1.8 billion rise in gold holdings.