India's forex reserves decline for second week

India's foreign exchange reserves fell for the second consecutive week, down by $10.746 billion to $690.43 billion as of October 11. The decline is mainly attributed to a reduction in foreign currency assets, gold reserves, and Special Drawing Rights, as reported by the Reserve Bank of India.

Oct 18, 2024 - 19:00

India's forex reserves decline for second week

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India's foreign exchange reserves fell for the second consecutive week, down by $10.746 billion to $690.43 billion as of October 11. The decline is mainly attributed to a reduction in foreign currency assets, gold reserves, and Special Drawing Rights, as reported by the Reserve Bank of India.