The foreign exchange of India reserves went down by $1.268 billion to $561.583 billion in the first week, as per RBI (Reserve of India).

• Tata Power Inks MoU with Asian Development Bank for $4.25 Billion 
• Innovators Facade Shares Skyrocketed 11% on Securing Orders Worth Rs 110 Crore 
• Stocks in Focus: SJVN, Tata Power, Afcons Infrastructure, and Others
• Stocks Under F&O Ban: Adani Enterprises, Aarti Industries, Indraprastha Gas, and Others 
• RBI Defends Currency Moves to Protect Economy

India’s foreign currency assets, the most significant component of the forex reserves, went down by $1.747 billion to $496,441 billion. Last year, the overall forex reserves were at about $633 billion.

However, Gold reserves hit a high of $461 million to $41.784 billion. The country’s foreign exchange reserves reportedly touched an all-time high of about $645 billion in October 2021.