Forex watch: India’s reserves fall $1 billion to $697.93 billion this week; gold and SDR values decline

India's foreign exchange reserves decreased by $1.01 billion, reaching $697.93 billion in the week ending June 20, according to RBI data. This decline reverses the previous week's increase. The drop was primarily due to decreases in foreign currency as...

India’s foreign exchange reserves decreased by $1.01 billion, reaching $697.93 billion in the week ending June 20, according to RBI data. This decline reverses the previous week’s increase. The drop was primarily due to decreases in foreign currency assets, which fell by $357 million, and gold reserves, which slipped by $573 million.