It Seems the Forex is Getting Effected Drastically These Days
Foreign exchange reserves (also called Forex reserves or FX reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions. This broader figure is more readily available, but it is more accurately termed official international reserves or international reserves. It seems the Forex season for India is abominable. Well the broadcast proves it. According to the said ; India's foreign exchange reserves declined by over $4 billion to $293.98 billion for the week ended Nov 26, falling sharply for the third straight week because of heavy loss in foreign currency reserves. The country's Forex reserves declined by $6.23 billion in the three consecutive weeks under review. The total Forex reserves stand at $293.979 for the week ended Nov 26 as against $297.98 billion during the previous week and over $300 billion during the week ended Nov 5. Foreign currency reserves that include US dollar, euro and British pound, among others, declined by $3.92 billion to $265.255 billion during the week ended Nov 26, according to weekly data released by the Reserve Bank of India (RBI). The reasons behind such decline are the Forex reserves in the country and the decline are about $6.03 billion in 3 weeks on continues basis. Special Drawing Rights (SDRs) fell by $62 million to $5.082 billion and the reserve with the International Monetary Fund declined by $24 million to $1.974 billion.
Foreign exchange reserves (also called Forex reserves or FX reserves) in a strict sense are only the foreign currency deposits and bonds held by central banks and monetary authorities. However, the term in popular usage commonly includes foreign exchange and gold, SDRs and IMF reserve positions. This broader figure is more readily available, but it is more accurately termed official international reserves or international reserves. It seems the Forex season for India is abominable. Well the broadcast proves it. According to the said ; India's foreign exchange reserves declined by over $4 billion to $293.98 billion for the week ended Nov 26, falling sharply for the third straight week because of heavy loss in foreign currency reserves. The country's Forex reserves declined by $6.23 billion in the three consecutive weeks under review. The total Forex reserves stand at $293.979 for the week ended Nov 26 as against $297.98 billion during the previous week and over $300 billion during the week ended Nov 5. Foreign currency reserves that include US dollar, euro and British pound, among others, declined by $3.92 billion to $265.255 billion during the week ended Nov 26, according to weekly data released by the Reserve Bank of India (RBI). The reasons behind such decline are the Forex reserves in the country and the decline are about $6.03 billion in 3 weeks on continues basis. Special Drawing Rights (SDRs) fell by $62 million to $5.082 billion and the reserve with the International Monetary Fund declined by $24 million to $1.974 billion.