India's forex reserves drop by $3.463 billion to $684.805 billion

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India's forex reserves dropped by USD 3.463 cardinal to USD 684.805 cardinal successful the week ended October 25, the RBI said connected Friday.

The wide reserves had dropped by USD 2.163 cardinal to USD 688.267 cardinal successful the erstwhile reporting week. In end-September, the reserves had deed an each clip precocious of USD 704.885 billion.

For the week ended October 25, overseas currency assets, a large constituent of the reserves, decreased by USD 4.484 cardinal to USD 593.751 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 accrued by USD 1.082 cardinal to USD 68.527 cardinal during the week, the RBI said.

The Special Drawing Rights (SDRs) were down by USD 52 cardinal to USD 18.219 billion, the apex slope said. India's reserve presumption with the IMF was down by USD 9 cardinal to USD 4.307 cardinal successful the reporting week, the apex slope information showed.

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