New Delhi. Shocking news has come on the economy front. Foreign exchange reserves have again declined. The country’s foreign exchange reserves declined by $462 million to $590.32 billion in the week ending November 10. Due to this, foreign exchange reserves increased by $ 4.67 billion last week to reach $ 590.78 billion.
The Reserve Bank of India (RBI) said in the data released on Friday that in the week ending November 10, foreign exchange reserves decreased by $ 462 million to $ 590.32 billion. Due to this, foreign exchange reserves increased by $ 4.67 billion last week to reach $ 590.78 billion. During this period, the importance of foreign exchange reserves decreased and foreign currency assets jumped by $ 108 million to more than $ 522 billion.
According to the data, the value of gold reserves has declined by $608 million to $45.51 billion. However, Special Drawing Rights (SDRs) increased by $36 million to $18.01 billion. During this period, the country’s currency reserves kept with the International Monetary Fund (IMF) increased by 3 million dollars to 4.79 billion dollars.
It is noteworthy that in October 2021, the country’s foreign exchange reserves had jumped to an all-time high of $ 645 billion