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India’s Forex Reserves Climb to $658.1 Billion After Eight-Week Decline

GenevaTimes by GenevaTimes
December 6, 2024
in Business
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India’s Forex Reserves Climb to 8.1 Billion After Eight-Week Decline
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In dollar terms, foreign currency assets include the effect of the appreciation or depreciation of non-US units like the euro, pound, and yen held in foreign exchange reserves.

Gold reserves decreased to $66.98 billion during the week.

As of Friday, gold prices rose and stood at Rs 76,520, according to the India Bullion Association. The price of the commodity crossed the Rs 77,000 mark on Thursday, after it had dipped to Rs 76,680 on Dec. 2.

Gold rates saw a significant decline throughout the previous month as the demand for the commodity was lower.

The futures prices for Feb. 5, 2025, stood at Rs 76,458 per 10 grams, according to the Multi Commodity Exchange.

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