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India’s foreign wealth falls below record level, big fall after two months

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new Delhi. The country’s foreign exchange reserves have fallen after an eight-week straight rise. The week ending on 27 November was recorded. After which there was a decrease of $ 469 million in foreign wealth of India. While gold reserves have seen a decline, which is not a good sign for the economy. On the other hand, there has been an increase in foreign assets. Let us also tell you what kind of data the RBI has presented.

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After two months, there was a decline
India’s foreign wealth has come down to $ 574.82 billion after a decrease of $ 469 million in the week ended 27 November. According to data released by the Reserve Bank of India on Friday, the foreign exchange reserves rose by $ 2.52 billion to a record $ 575.29 billion for the eighth consecutive week in the week ended November 20.

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Increase in assets, decrease in gold reserves
The central bank reported today that foreign currency assets, the largest component of foreign exchange reserves, increased by $ 35.2 million to $ 533.45 billion in the week ended November 27. Gold reserves, however, declined by $ 82.20 million to $ 35.19 billion. The reserve with the International Monetary Fund decreased by $ 1 million to $ 4.68 billion, while the special drawing rights rose by $ 2 million to $ 1.49 billion.

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