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India's foreign exchange reserves fall

 India's foreign exchange reserves fall

India's foreign exchange reserves decreased for the second consecutive week to $ 428.95 billion in the week ended August 2, down by $ 69.72 million. Earlier, in the week ended July 26, it had fallen by $ 72.71 million to $ 429.65 billion. According to the data released by the Reserve Bank of India, in the week ended August 2, the largest component of foreign exchange reserves, foreign currency assets, came to $ 393.7 billion to $ 398.72 billion. During this period, gold reserves fell by $ 16.6 million to $ 25.16 billion. In the week under review, the reserves with the Reserve Bank increased by $ 1117 million to reach $ 3.63 billion, while the special drawing rights fell by $ 9.5 million to $ 1.43 billion.

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