India s foreign exchange reserves saw a decline of $5.4 billion to $643.16 billion as of April 12, as per the latest data from the Reserve Bank of India (RBI). This followed a surge of $2.9 billion to a record high of $648.56 billion in the previous week. The decline was primarily due to a decrease of $6.51 billion in foreign currency assets (FCAs), which include assets denominated in currencies other than the US dollar.
As per the latest data released by the Reserve Bank of India (RBI), the country s foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
Forex reserves increased $2.98 billion to $648.562 billion for the week ended April 5, reporting a seventh consecutive week of a jump in overall reserves.
India s foreign exchange reserves continued their upward trend, reaching $642.63 billion as of March 22, marking the fifth consecutive weekly increase. The rise amounted to $140 million for the reporting week. Foreign currency assets (FCAs) decreased slightly to $568.26 billion, while gold reserves saw an increase to $51.49 billion.