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India's Forex Reserves Take a Chill Pill, Down $2.1 Billion

India's Forex Reserves Take a Chill Pill, Down $2.1 Billion

Yo, check it, India’s forex reserves just took a lil dip, droppin’ $2.119 billion to $723.6 billion as of February 20. Last week, they were flexin’ at an all-time high, but foreign currency assets are feelin’ the chill, down by $1.039 billion, while gold’s takin’ a hit too, down $977 million. Keepin’ it smooth in the reserve hustle, fo’ shizzle.

Quick rundown

  1. India's forex reserves dipped by $2.119 billion.
  2. Foreign currency assets saw a decrease of $1.039 billion.
  3. Gold reserves value dropped by $977 million.
  4. Special Drawing Rights fell by $84 million.
  5. India's IMF reserve position decreased by $18 million.

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Series

  • Indian Premier League
  • Pakistan Super League
  • New Zealand tour of Bangladesh
  • India Women tour of South Africa