Foreign exchange reserves drop $10.7 billion to $690.43 billion
The forex had hit an all-time high of $704.885 billion at the end of September.
The forex had hit an all-time high of $704.885 billion at the end of September.
India's foreign exchange (Forex) reserves stood above $700 billion for the second-consecutive week, data from the Reserve Bank of India (RBI) showed on Friday.
On August 2, the forex kitty had soared to a lifetime high of $674.9 billion after which it declined by $4.8 billion to $670.1 billion for the week ended August 9.
India's foreign exchange reserves reached a historical high of $ 675 billion, as of August 2, as overall, India's external sector remains resilient with key indicators continuing to improve, RBI Governor Shaktikanta Das said on Thursday.
India's foreign exchange reserves surged by $4.55 billion to touch a new lifetime high of 648.7 billion mark during the week ended May 17, according to the latest data released by the RBI on Friday.
The Department of Treasury maintained the same monitoring list but said if India continues with the same practices as in the last six months, it would be removed from its next bi-annual report.
The other items include washing machines, speakers, radial car tyres, jewellery items, kitchen and tableware, certain plastic goods, and suitcases.
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