Foreign exchange reserves in India plunge by $5.34 billion – Gulf Today

Foreign exchange reserves in India plunge by $5.34 billion – Gulf Today

Foreign exchange reserves in India plunge by $5.34 billion. According to the RBI's weekly statistical supplement, the overall forex reserves, which are already at a record high, decreased to $481.89 billion from $487.23 billion reported for the week ended March 6.. India's forex reserves comprise foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and India's reserve position with the International Monetary Fund (IMF).. The Finance Minister Nirmala Sitharaman set the ball rolling on finalising India's strategy to combat the coronavirus pandemic and prevent its spread from causing big damage to the economy.. Tourism Minister Prahlad Singh Patel said that he has informed her about the state of the tourism sector which has taken the maximum hit due to the coronavirus outbreak..