Pakistan Forex Reserves: India's foreign exchange reserves have been continuously declining for the last three weeks and it has come down from the record hig
Pakistan Forex Reserves: India's foreign exchange reserves have been continuously declining for the last three weeks and it has come down from the record high. On the other hand, Pakistan's foreign exchange reserves have increased by 18 million dollars.
India Forex Reserves: India's foreign exchange reserves, which reached record levels in the last few days, have been falling continuously for the last three weeks. On the other hand, Pakistan's forex reserves are continuously increasing. During the last three weeks, India's foreign exchange reserves have fallen by $ 16.62 billion. In the last one week, Pakistan's currency reserves have jumped by $ 18 million and it has increased to $ 16 billion. Pakistan's central bank claimed that the foreign exchange reserves of the neighboring country are at a record level in the last two and a half years. Let's see the status of India and Pakistan's forex reserves-
Forex reserve came down from all time high
In the information given by the Reserve Bank of India (RBI), it was told that the country's foreign exchange reserves fell by $ 2.16 billion to $ 688.27 billion in the week ending October 18. In the previous week, it had fallen by $ 10.75 billion to $ 690.43 billion. This was the biggest decline in the currency reserves in recent times. In the previous week also, the foreign exchange reserves had fallen by $ 3.71 billion to $ 701.18 billion. In this way, it has been declining for the last three weeks and during this period it has fallen by a total of $ 16.62 billion. At the end of September, the foreign exchange reserves had reached an all-time high of $ 704.89 billion.
Reserve reserves with IMF also decreased
According to the data of Reserve Bank of India (RBI), in the week ended on October 18, foreign currency assets, which are considered an important part of the currency reserves, decreased by $ 3.87 billion to $ 598.24 billion. Foreign currency assets mentioned in dollars include the effect of fluctuations in non-US currencies like Euro, Pound and Yen kept in the foreign exchange reserves. The value of gold reserves increased by $ 17.9 million to $ 67.44 billion in the week under review. Special Drawing Rights (SDR) decreased by $ 68 million to $ 18.27 billion. According to the data of the Reserve Bank, India's reserve reserves with the IMF decreased by $ 16 million to $ 4.32 billion in the week under review.
Pakistan's foreign exchange reserves
Information given by the Central Bank of Pakistan said that the country's foreign exchange reserves have increased by 18 million US dollars. The bank said that during the week ending on October 18, the bank's total foreign exchange reserves exceeded 11 billion dollars. It was told that the foreign exchange reserves kept by commercial banks are about 5 billion dollars. After this, the total forex reserve of the neighboring country has reached 16 billion dollars.