India’s foreign exchange reserves makes a seventh weekly fall to $600.42 billion

India continues to file a decline in international trade (foreign exchange) reserves for the seventh consecutive week. The newest information from RBI reveals that the nation’s foreign exchange reserves dip by $3.27 billion to $600.42 billion for the week ended April 22.
All parts in India’s foreign exchange reserves witnessed a fall within the week ending April 22.

Compared to the earlier week, the foreign exchange reserves dropped by $311 million.

India’s foreign exchange reserves have slumped for the seventh straight week. The reserves had been at an all-time excessive of $642.453 billion on September 3, 2021.

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In the week ending April 22, 2022, the information additional states that India’s international foreign money property slipped by $2.84 billion to $533.93 billion.

Further, gold reserves shed by $377 million to $42.77 billion, whereas SDRs stood at $18.66 billion down by $33 million by finish of the week beneath assessment.

Meanwhile, Reserve Position within the IMF stood at $5.06 billion within the week ending April 22, down by $26 million.

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