Finance
Sock JohnsonIndia's Forex Reserves Face a Major Body Slam of $11.68 Billion
Listen up, folks! India's forex reserves just took a major hit, dropping by a staggering $11.68 billion to $716.81 billion during the week ending March 6. The RBI dropped this bombshell, and the gold reserves felt the sting too, down $1.61 billion. It's time to rally and flip the script, because this isn't the end, it's just the beginning!
few days ago | Press Trust of India
Quick rundown
1.India's forex reserves fell by $11.683 billion.
2.Foreign currency assets decreased by $9.880 billion.
3.Gold reserves saw a decline of $1.612 billion.
4.Special Drawing Rights dropped by $146 million.
5.India's IMF reserve position fell by $45 million.
Quick rundown
1.India's forex reserves fell by $11.683 billion.
2.Foreign currency assets decreased by $9.880 billion.
3.Gold reserves saw a decline of $1.612 billion.
4.Special Drawing Rights dropped by $146 million.
5.India's IMF reserve position fell by $45 million.