💨 Abstract

India's foreign exchange reserves dropped for a sixth consecutive week to a near three-month low of $675.65 billion, decreasing by $29.2 billion from September's record high. The foreign currency assets declined by $4.467 billion, gold reserves dropped by $1.936 billion, and SDRs decreased by $60 million. Despite this, India maintains fourth position globally in foreign exchange reserves.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖