Forex reserves fall by $1.88 bn to $686 bn as FCA declines; gold holdings rise: RBI

India’s foreign exchange reserves saw a dip of $1.877 billion, reaching $686.227 billion by November 28. This follows a larger decline in the prior week. While foreign currency assets decreased significantly, gold reserves experienced a notable increase of $1.613 billion. Special Drawing Rights and India’s IMF position also saw modest gains.