Forex kitty: India’s reserves rise $1.68 billion to $688.94 billion; gold and FX assets up

Forex kitty: India’s reserves rise $1.68 billion to $688.94 billion; gold and FX assets up

India’s foreign exchange reserves rose by $1.689 billion to $688.949 billion in the week ended December 12, data released by the Reserve Bank of India showed on Friday, according to PTI.In the previous reporting week, the country’s overall forex reserves had increased by $1.033 billion to $687.26 billion.Foreign currency assets (FCAs), the largest component of…

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Forex reserves: India’s holdings fall $5.6 billion; gold and dollar assets decline sharply

Forex reserves: India’s holdings fall $5.6 billion; gold and dollar assets decline sharply

India’s foreign exchange reserves dropped by $5.623 billion in the week ending October 31, reaching $689.733 billion, according to the Reserve Bank of India’s latest figures. The fall was driven by declines in both foreign currency assets and gold holdings.Foreign currency assets, the largest portion of the reserves, fell by $1.957 billion to $564.591 billion….

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