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HomeForex NewsIndia's forex reserves drop USD 18.34 bn to USD 747.56 bn: RBI...

India’s forex reserves drop USD 18.34 bn to USD 747.56 bn: RBI data

Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in foreign exchange reserves.

The value of gold reserves decreased USD 2.591 billion to USD 108.701 billion during the week, the RBI said.

The Special Drawing Rights (SDRs) were down USD 97 million to USD 18.642 billion, the apex bank said.

India’s reserve position with the IMF decreased USD 86 million and stood at USD 4.804 billion.

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