Question
What was the recorded value of India’s foreign
currency assets as part of its forex reserves for the week ending July 4, 2025?Solution
Out of the total forex reserves of $699.736 billion, the foreign currency assets component was reported at $591.287 billion. These assets are susceptible to changes due to currency movements such as the euro, pound, and yen against the dollar. The week saw a $3.537 billion decline in these assets, contributing heavily to the overall reduction in reserves.
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