India's Forex Reserves Down For Third Straight Week To $695.49 Billion

India's Forex Reserves Down For Third Straight Week To $695.49 Billion

India's foreign exchange reserves fell for the third straight week to $695.49 billion for the week ended July 18, according to data from the Reserve Bank of India on Friday.The country's forex kitty fell by $1.18 billion over the previous reporting week. In the previous reporting week, the reserves had dropped by $3.06 billion to $696.67 billion.The RBI's forex holdings had steadily recovered in the first six months of this calendar year, but th…

India’s forex kitty drops by USD 1.183 billion to USD 695.489 billion

New Delhi: India’s forex kitty declined by USD 1.183 billion to USD 695.489 billion during the week ended July 18, the RBI said on Friday. In the previous reporting week, the overall kitty had dropped by USD 3.064 billion to USD 696.672 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended July 18, foreign currency assets, a major component of the reserves, slipped by USD 1.201 billio…