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New Delhi. The Reserve Bank of India (RBI) has released the data of India's foreign exchange reserves for the week ended May 24, 2024. This week India's foreign exchange reserves fell by $ 2.027 billion to $ 646.673 billion.
RBI said on Friday that India's foreign exchange reserves fell by $ 2.027 billion to $ 646.673 billion in the week ended May 24. At the same time, the currency reserves had reached an all-time high of $ 648.7 billion after a jump of $ 4.549 billion last week.
Foreign currency assets declined by $1.51 billion to $567.499 billion in the week ended May 24. Foreign currency assets expressed in dollar terms also include the impact of appreciation or depreciation of non-US units such as euro, pound and yen held in the foreign exchange reserves.
Decline in gold storage too
With this, the gold reserves fell by $482 million to $56.713 billion. Special Drawing Rights (SDR) fell by $33 million to $18.135 billion. During this period, India's reserve position with the IMF also fell by 1 million to $4.326 billion.
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