Forex reserves drop by USD 9.80 bln to USD 686.80 bln

India FX Reserves Log Biggest Drop in 14 Months Amid Rupee Rout

India’s foreign exchange reserves recorded their biggest weekly drop in 14 months as the central bank sold dollars to support a weakening rupee, …

Forex reserves drop by USD 9.80 bln to USD 686.80 bln - OrissaPOST

Mumbai: India’s forex reserves dropped by USD 9.809 billion to USD 686.801 billion in the week to January 2, the Reserve Bank of India (RBI) said Friday. In the previous reporting week, the forex reserves had jumped by USD 3.293 billion to USD 696.61 billion. For the week ended January 2, foreign currency assets, a major component of reserves, decreased by USD 7.622 billion to USD 551.99 billion, the central bank’s data showed. Expressed in doll…

Forex reserves drop by USD 9.80 bln to USD 686.80 bln

Mumbai, Jan 9 (PTI) India's forex reserves dropped by USD 9.809 billion to USD 686.801 billion in the week to January 2, the Reserve Bank of India (RBI) said on Friday. In the previous reporting week, the forex reserves had jumped by USD 3.293 billion to USD 696.61 billion. For the week ended January 2, foreign currency assets, a major component of reserves, decreased by USD 7.622 billion to USD 551.99 billion, the central bank's data showed. Ex…