Forex kitty drops by USD 6.477 bln to USD 675.653 bln

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Forex kitty Gold reserves decreased by USD 1.936 cardinal to USD 67.814 cardinal during the week, the RBI said. (File)

India’s forex reserves dropped by USD 6.477 cardinal to USD 675.653 cardinal for the week ended November 8, the RBI said connected Friday.

In the erstwhile reporting week, the forex reserves had dropped by USD 2.675 cardinal to USD 682.13 billion.

The kitty, which had deed an all-time precocious of USD 704.885 cardinal successful end-September, has been declining for aggregate weeks.

For the week ended November 8, overseas currency assets, a large constituent of the reserves, decreased by USD 4.467 cardinal to USD 585.383 billion, the information released connected Friday showed.

Expressed successful dollar terms, the overseas currency assets see the effect of appreciation oregon depreciation of non-US units similar the euro, lb and yen held successful the overseas speech reserves.

Gold reserves decreased by USD 1.936 cardinal to USD 67.814 cardinal during the week, the RBI said.

The Special Drawing Rights (SDRs) were down by USD 60 cardinal to USD 18.159 billion, the apex slope said.

India’s reserve presumption with the IMF was besides down by USD 14 cardinal to USD 4.298 cardinal successful the reporting week, the apex slope information showed.

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