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India’s foreign exchange (forex) reserves dropped by $778.4 million during the week ended November 7 to close at $315.13 billion, according to RBI data.
In the previous reporting week, the reserves had risen by $1.73 billion in the week ended October 31 to touch $315.91 billion.
During the November 7 week, foreign currency assets, which form a bulk of the forex reserves, declined by $726 million to $289.64 billion.
Gold reserves remained unchanged at $19.73 billion.
Special Drawing Rights and the country’s reserve position in the IMF fell by $38.5 million and $13.9 million to be at $4.23 billion and 1.52 billion, respectively.
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