India’s forex reserves decline $4.89 billion; Gold, SDRs, IMF holdings down
India’s foreign exchange reserves dropped by $4.888 billion to $685.729 billion in the week ending May 16, according to the Reserve Bank of India. | Photo Credit: Dado Ruvic/Reuters India's forex reserves dropped USD 4.888 billion to USD 685.729 billion for the week ended May 16, the Reserve Bank of India said on Friday.The overall reserves jumped by USD 4.553 billion to USD 690.617 billion in the previous reporting week. The forex reserves touched an all-time high of USD 704.885 billion in September 2024.For the week ended May 16, foreign...