India’s Forex Reserves Drop $13 Billion to $734.6 Billion
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India’s foreign exchange reserves fell approximately $13 billion to $734.6 billion in the week ending October 2, with declining foreign currency assets and gold holdings adding adversity to reserve management.
India’s foreign exchange reserves fell approximately $13 billion to $734.6 billion in the week ending October 2, with declining foreign currency assets and gold holdings adding adversity to reserve management.
Vocabulary
adversity▾
विपत्ति / hardship
- Businesses can face financial adversity.
- Savings help during adversity.
- The company survived adversity.
- Planning helps overcome adversity.
#Forex reserves#RBI#foreign currency assets#gold reserves#Indian economy
Source:Times of India
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