In recent times, selling by foreign investors has been seen in the stock market. The effect of this was that there has been a decline in the Foreign Exchange Reserves in the week ending August 4. Foreign exchange reserves have decreased by $ 2.41 billion to $ 601.45 billion. Earlier in the week also, there was a decline in the figures of foreign exchange reserves.
According to the data released by the Reserve Bank of India on the data of foreign exchange reserves, India’s forex reserves fell by $ 2.41 billion to $ 601.45 billion on the week ending August 4, 2023. Foreign currency assets have decreased by $ 1.93 billion during this period and have come down to $ 533.40 billion. RBI’s gold reserve has also decreased and it has reduced by $ 224 million to the value of $ 44.68 billion. The reserves with the IMF decreased by $86 million and stood at $5.09 billion.
