 "dollars")
The Special Drawing Rights (SDRs) were down by $5 million to $18.202 billion. India’s reserve position with the IMF was up by $2 million to $4.612 billion in the reporting week.
India’s forex reserves dropped by $3.471 billion to $667.386 billion for the week ended July 26, according to the RBI data released on Friday.
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In the previous reporting week, the kitty had jumped by $4.003 billion to an all-time high of $670.857 billion.
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Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.
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Gold reserves decreased by $2.297 billion to $57.695 billion during the week, the data showed.
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First Published: Aug 02 2024 | 7:38 PM IST
