STORY: India's forex reserves drop by 5.69 bln USD
SHOOTING TIME: File
DATELINE: Jan. 12, 2025
LENGTH: 00:01:16
LOCATION: New Delhi
CATEGORY: ECONOMY

SHOTLIST:
1. various of the India Gate
2. various of RBI building
3. various of market area

STORYLINE:

India's foreign exchange (forex) reserves decreased by 5.69 billion U.S. dollars to 634.59 billion dollars during the week ended Jan. 3, official data released by the country's central bank the Reserve Bank of India (RBI) showed on Friday.

This was the fifth week in a row when India's forex reserves had fallen. During the previous week, which had ended on Dec. 27, there was a decrease of 4.11 billion dollars.

This was also said to be the country's lowest foreign reserves in the past 10 months. Media reports suggested that the RBI's intervention in the currency market to stabilize the Indian rupee had contributed to this consistent drop.

According to the RBI's data, forex reserves' biggest component, the foreign currency assets, declined by 6.44 billion dollars to 545.48 billion dollars.

However, gold reserves increased by 824 million dollars to 67.09 billion dollars.

Xinhua News Agency correspondents reporting from New Delhi.
(XHTV)