The biggest breaking news is here. The India Forex Reserves Dip by USD 462 Million and also now USD 590.321 Billion. This news has been officially reported by the Reserve Bank of India (RBI). India Forex kitty has been officially decreased. This has been decreased for the week ending 10th November 2023. This information was shared on 17th November 2023, Friday which means yesterday. It has been claimed that in the last report, the overall reserves increased by USD 4.672 billion to USD 590.783 billion. 2 years back the country’s forex kitty reached an all-time high of USD 645 billion. Read this article till the end without missing anything and do not miss till the end.
According to the Reserve Bank of India (RBI), The India forex kitty has now officially decreased by USD 462 million to USD 590.321 billion for the week ended on 10th November 2023. In the last reporting week, the overall reserves increased by a total of USD 4,672 billion to USD 590.783 billion. This news has been officially shared on Friday by RBI. It has been claimed that in October 2021. the country’s forex kitty officially reached an all-time high of USD 645 billion. In 2022, the reserve took a big hit as the official central Bank deployed the kitty. It happened to defend the rupee amid the pressures that are caused majorly by global developments. Continue reading in the further part of this article.
As per the Weekly Statistical Supplement which is officially released by the RBI, As the week ended on 10th November 2023, the foreign currency assets which are the major component of the reserves increased by USD 108 million to USD 522.004 billion. It has been said that foreign currency assets include the effect of the appreciation or depreciation of non-US units like the euro, yen, and pound held in foreign exchange reserves. To learn more about the situation of the market, scroll down to the next paragraph of this article.
Reports given by the Reserve Bank of India (RBI), have indicated that the gold reserve was down by USD 608 million to USD 45.515 billion at the time of the week. The Indian reserve position with the International Monetary Fund (IMF) was up by USD 3 Million to USD 4.791 billion in the official reporting week. More details regarding this topic are going to be shared very soon on this same page. So keep following techballad for more amazing informative articles, techballad is always here to present informative articles.