Finance
DoggfatherIndia's Forex Reserves Take a Chill Pill, Down $2.1 Billion
Yo, check it, India’s forex reserves just took a lil dip, droppin’ $2.119 billion to $723.6 billion as of February 20. Last week, they were flexin’ at an all-time high, but foreign currency assets are feelin’ the chill, down by $1.039 billion, while gold’s takin’ a hit too, down $977 million. Keepin’ it smooth in the reserve hustle, fo’ shizzle.
few days ago | Press Trust of India
Quick rundown
1.India's forex reserves dipped by $2.119 billion.
2.Foreign currency assets saw a decrease of $1.039 billion.
3.Gold reserves value dropped by $977 million.
4.Special Drawing Rights fell by $84 million.
5.India's IMF reserve position decreased by $18 million.
