India's foreign exchange reserves drop by over $760mn in November: RBI

India's forex reserves fell to $640.112 billion from $640.874 billion registered for the week ended November 5, RBI data revealed. Foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF, all together form the country's forex reserves.

The country's foreign exchange reserves recorded a drop of $763 million during the week ended November 12, according to the Reserve Bank of India (RBI).

India's forex reserves fell to $640.112 billion from $640.874 billion registered for the week ended November 5, RBI data revealed.

Foreign currency assets (FCAs), gold reserves, SDRs, and the country's reserve position with the IMF, all together form the country's forex reserves.

Also Read | India to double airport numbers to over 200: Minister

On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $2.094 billion to $575.487 billion.

However, the value of the country's gold reserves gained by $1.461 billion to $40.239 billion.

Also Read | Franklin Templeton to distribute another tranche of Rs 1,115cr to investors

On the other hand, the SDR value was lower by $103 million to $19.184 billion, while the country's reserve position with the IMF inched-down by $27 million to $5.201 billion.