India’s foreign exchange reserves declined by $8.578 billion to $726.027 billion in the week ended October 9, marking the fifth consecutive weekly drop, according to the latest data released by the Reserve Bank of India (RBI), Xinhua reported.
The RBI’s weekly bulletin showed that Foreign Currency Assets (FCAs) fell by $7.142 billion to $597.605 billion, while gold reserves decreased by $1.319 billion to $105.094 billion.
Special Drawing Rights (SDRs) also declined by $109 million to $18.548 billion, while India’s reserve position with the International Monetary Fund (IMF) fell by $10 million to $4.78 billion, the RBI data showed.
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By Nijat Babayev
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