India’s forex reserves fell by $6.9 billion on-week to $695.53 billion for the week ended October 24, according to Reserve Bank of India (RBI) data. In the preceding week, forex reserves jumped by $4.49 billion week-on-week to $702.28 billion.

Foreign currency assets (FCA)--which include investment in securities, deposits with other central banks and the BIS, and deposits with commercial banks overseas—stood at $566.54 billion, down $3.86 billion compared to last week.

Expressed in dollar terms, the FCA include effect of appreciation or depreciation of non-US units like the euro, pound and yen.

During the week ended October 24, gold reserves fell by $3.01 billion to $105.53 billion. Special Drawing Rights (SDRs), which refers to India’s commitment to provide resources under the Internat

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