The country’s foreign exchange reserves fell by $ 2.47 billion to $ 604 billion for the fourth consecutive week in the week ended April 08. Last week, this record was lower by $ 11.17 billion to $ 606.48 billion. At the same time, in the week ended March 25, it was lower by $ 2.03 billion to $ 617.65 billion.
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According to the weekly data released by the Reserve Bank on Saturday, forex assets, the largest component of foreign exchange reserves, fell by $2.08 billion to $537.65 billion in the week ended April 08. Similarly, gold reserves decreased by $ 215 million to $ 42.56 billion during this period.
Also, Special Drawing Rights (SDRs) declined by $141 million to $18.74 billion in the week under review. Similarly, reserves with the International Monetary Fund (IMF) declined by $34 million to $5.1 billion.