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.
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.