Finance
Sock JohnsonIndia's Forex Reserves Drop Big, But Still in the Ring!
India's forex reserves just took a massive hit, dropping $11.41 billion to $698.35 billion! The RBI dropped this news like a championship belt on Friday. But hold on tight! Foreign currency assets flexed up by $2.13 billion! The Rock says, keep your head up, India! You're still in the ring, baby!
few days ago | Press Trust of India
Quick rundown
1.India's forex reserves took a nosedive by $11.413 billion.
2.Gold reserves played the villain, dropping by $13.495 billion.
3.Foreign currency assets showed some muscle, rising by $2.127 billion.
4.The West Asia conflict looms over India's forex reserves.
5.Despite the dip, India's IMF reserve position saw a slight uptick.
