Country India's foreign exchange reserves declined by $2.16 billion to $688.27 billion in the week ended October 18. The Reserve Bank of India (RBI) gave this information on Friday. Last week, the country's foreign exchange reserves had decreased by $ 10.75 billion to $ 690.43 billion. This was the biggest decline in currency reserves in recent times. In the previous week, foreign exchange reserves had declined by $ 3.71 billion to $ 701.18 billion. Foreign exchange reserves had reached an all-time high of $704.89 billion at the end of September.
increase in gold reserves
In the week under review, the value of gold reserves increased by $ 17.9 million to $ 67.44 billion. According to the data released by the Reserve Bank of India on Friday, foreign currency assets, considered an important part of the currency reserves, declined by $ 3.87 billion to $ 598.24 billion in the week ending October 18. Foreign currency assets denominated in dollar terms include the impact of movements in non-US currencies such as the euro, pound and yen held in foreign exchange reserves. Special Drawing Rights (SDR) declined by $68 million to $18.27 billion. According to Reserve Bank data, India's reserves with the International Monetary Fund (IMF) declined by $16 million to $4.32 billion in the week under review.
Pakistan's treasury increased
Pakistan's foreign exchange reserves have increased in the week ending October 18. The currency reserves with the State Bank of Pakistan increased by 18 million dollars during this period. In this way the total currency reserves have reached 11 billion dollars.
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