Falling for the third week in a row, India’s foreign exchange reserves have declined marginally by USD 156.9 million to USD 354.360 billion in the week ended 10th July. A RBI press release has informed that foreign currency assets, a major part of the overall reserves, dipped by USD 177.4 million to USD 329.913 billion. In the previous week, the reserves had declined by USD 704 million to USD 354.517 billion.
The country’s gold reserves remained unchanged at USD 19.074 billion at the end of the reporting week while the special drawing rights went up by USD 15.5 million to USD 4.058 billion. India’s reserve position with the International Monetary Fund also increased by USD 5 million to USD 1.315 billion during the reporting week.
