{"id":78559,"date":"2024-06-22T04:34:14","date_gmt":"2024-06-22T04:34:14","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/22\/forex-kitty-dips-2-9bn-to-652-9bn-times-of-india\/"},"modified":"2024-06-22T04:34:14","modified_gmt":"2024-06-22T04:34:14","slug":"forex-kitty-dips-2-9bn-to-652-9bn-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/22\/forex-kitty-dips-2-9bn-to-652-9bn-times-of-india\/","title":{"rendered":"Forex kitty dips $2.9bn to $652.9bn &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-111178531,imgsize-928448.cms?resize=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Forex kitty dips .9bn to 2.9bn &#8211; Times of India\" title=\"Forex kitty dips .9bn to 2.9bn &#8211; Times of India\" \/><\/div>\n<div>MUMBAI: India&#8217;s <!-- -->forex reserves<!-- --> dropped by $2.9 billion to $652.9 billion for the week ended June 14, the <!-- -->Reserve Bank<!-- --> said on Friday.<br \/>In the previous reporting week, the kitty had jumped by $4.3 billion to $655.8 billion, a new all-time high after consecutive weeks of increase in the reserves.<br \/>For the week ended June 14, <!-- -->foreign currency assets<!-- -->, a major component of the reserves, decreased by $2.1 billion to $574.2 billion, the data released on Friday showed.<br \/>Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.<br \/>Gold reserves decreased by $1.0 billion to nearly $56 billion during the week, the <!-- -->RBI<!-- --> said.<br \/>The Special Drawing Rights (SDRs) were down by $54 million to $18.1 billion, the apex bank said.<br \/>India&#8217;s reserve position with the IMF was up by $245 million to $4.6 billion in the reporting week, the <!-- -->apex bank data<!-- --> showed. <\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n      })(f, b, e, 'https:\/\/connect.facebook.net\/en_US\/fbevents.js', n, t, s);\n      fbq('init', '593671331875494');\n      fbq('track', 'PageView');\n    };\n    function 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consecutive weeks of increase in the reserves.For the week ended June 14, foreign 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