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BUSINESS

India’s Foreign Exchange Reserves Fall By $2.67 Bn To $593 Bn

India’s foreign exchange reserves fell by $2.67 billion to $593.28 billion in the week ended May 13. In the previous reporting week, foreign exchange reserves stood at $595.95 billion.

India has $593.28 billion in foreign exchange reserves, $529.55 billion in foreign exchange assets, $40.57 billion in gold, $18.2 billion in IMF-created international reserve assets, and $49.5 billion in the IMF’s $1 billion reserve position.

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