Forex watch: Reserves slip below $700 billion; FCAs decline, gold holdings rise
India’s foreign exchange reserves saw a slight dip of $276 million, settling at $699.96 billion for the week ending October 3. This follows a larger decline in the prior week. While foreign currency assets decreased, a significant rise in gold reserves partially offset the overall reduction, indicating a dynamic shift in the country’s financial holdings.🕒 1 min read
India’s foreign exchange reserves saw a slight dip of $276 million, settling at $699.96 billion for the week ending October 3. This follows a larger decline in the prior week. While foreign currency assets decreased, a significant rise in gold reserves partially offset the overall reduction, indicating a dynamic shift in the country’s financial holdings.
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