Finance
EnglishIndia's Forex Reserves Take a Hit: $11.41 Billion Drop
India's forex reserves took a hit, dropping by $11.41 billion to $698.35 billion as of March 20. This dip was mainly due to a plummet in gold reserves, while foreign currency assets saw a slight increase. Gold's value fell by $13.49 billion, but hey, at least the foreign currency assets are holding strong!
few hours ago | Press Trust of India
Quick rundown
1.India's forex reserves took a nosedive by $11.413 billion.
2.Gold reserves played the villain, dropping by $13.495 billion.
3.Foreign currency assets showed some muscle, rising by $2.127 billion.
4.The West Asia conflict looms over India's forex reserves.
5.Despite the dip, India's IMF reserve position saw a slight uptick.
Quick rundown
1.India's forex reserves took a nosedive by $11.413 billion.
2.Gold reserves played the villain, dropping by $13.495 billion.
3.Foreign currency assets showed some muscle, rising by $2.127 billion.
4.The West Asia conflict looms over India's forex reserves.
5.Despite the dip, India's IMF reserve position saw a slight uptick.