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India's forex reserves fall to 686 bln USD

Source: Xinhua

Editor: huaxia

2025-05-09 20:34:45

NEW DELHI, May 9 (Xinhua) -- India's foreign exchange (forex) reserves fell by 2.07 billion U.S. dollars to 686.06 billion dollars during the week ended May 2, official data released by the country's central bank showed Friday.

The Reserve Bank of India, the central bank, said in its weekly bulletin that after eight consecutive weeks, this was the first time that India's forex reserves had fallen.

While the foreign currency assets increased by 514 million dollars to 581.177 billion dollars, the Gold Reserves decreased by 2.545 billion dollars to 81.820 billion dollars.

The special drawing rights fell by 30 million dollars to 18.558 billion dollars, as India's reserve position at the International Monetary Fund dropped by 3 million dollars to 4.509 billion dollars.

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