India’s forex reserves decreased by USD 587 million to USD 635.08 billion, the RBI said.

On December 17, the overall reserves had decreased by USD 160 million to USD 635.667 billion. The kitty had touched a lifetime high of USD 642.453 billion in the week ended September 3, 2021.

• Hindustan Copper Reports 9% Rise in MIC Output for FY26
• SAIL Shares Slip 0.91% as CMD Amarendu Prakash Steps Down
• Bosch Jumps 12% in Two Sessions on E-Mobility JV
• Latent View Analytics Shares Skyrocket 20% on Deal with Healtheon AI 
• Ola Electric Shares Jump 9% on Roadster X+ Price Cut

For the reporting week ended December 24, the dip in the overall reserves was a decline in foreign currency assets (FCA), a significant component of the overall reserves.