Foreign exchange reserves dip to 5-month low

The country's foreign exchange reserves stood at $584.7 billion, the lowest in more than five months, after a decline of $2.2 billion in the week ended October 6. The drop was primarily due to a dip in the value of gold reserves, which decreased by $1.4 billion to $42.3 billion, RBI data showed.

Oct 14, 2023 - 08:30
Foreign exchange reserves dip to 5-month low
The country's foreign exchange reserves stood at $584.7 billion, the lowest in more than five months, after a decline of $2.2 billion in the week ended October 6. The drop was primarily due to a dip in the value of gold reserves, which decreased by $1.4 billion to $42.3 billion, RBI data showed.