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India's Forex Kitty Drops USD 4.88 bn to USD 685.72 bn
The Business Guardian
|May 24, 2025
For the week ended May 16, foreign currency assets, a major component of the reserves, increased by USD 279 million to USD 581.652 billion, the data released on Friday showed.
India's forex reserves dropped USD 4.888 billion to USD 685.729 billion for the week ended May 16, the Reserve Bank of India said on Friday.
The overall reserves jumped by USD 4.553 billion to USD 690.617 billion in the previous reporting week. The forex reserves touched an all-time high of USD 704.885 billion in September 2024.
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