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India’s forex reserves, in the week ended August 30, slumped a massive $2.23 billion to $275.49 billion. The foreign currency assets, which form a large part of the forex reserves, plunged a whopping $3.08 billion to $247.40 billion.
In the previous reporting week ended August 23, the forex reserves were $277.72 billion.
Gold reserves, in the latest reporting week, were up $977.1 million to $21.72 billion.
Special Drawing Rights and the country’s reserve position in the International Monetary Fund were down $14.9 million and $112.5 million to $4.37 billion and $1.99 billion, respectively.
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