Indian Forex Reserves Drop to $709.759 Billion

Key Figures:

• $709.759 billion: Total forex reserves as of March 13
• $7.052 billion: Decrease in forex reserves during the week ended March 13
• $716.81 billion: Total forex reserves as of the previous reporting week
• $725.727 billion: All-time high forex reserves achieved during the week ended February 13

Forex Reserves Update

Read also: US Man Arrested at Anti-Immigrant Protest for Vandalizing Indian Flag Amid Chants of Anti-India Slogans

The Reserve Bank of India (RBI) reported a decrease of $7.052 billion in India's forex reserves to $709.759 billion during the week ended March 13. This decline follows a $11.683 billion drop in the previous reporting week.

Reserve Components

• Foreign Currency Assets (FCA): Decreased by $7.678 billion to $555.568 billion during the week ended March 13. FCA includes the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.
• Gold Reserves: Increased by $664 million to $130.681 billion during the week.
• Special Drawing Rights (SDRs): Decreased by $23 million to $18.697 billion.
• IMF Reserve Position: Decreased by $15 million to $4.814 billion during the week.