<p>Mumbai: India's <a href="https://www.deccanherald.com/tags/forex">forex</a> reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, the RBI said on Friday.</p>.<p>The overall forex kitty had jumped by $4.758 billion to $640.479 billion in the previous reporting week.</p>.<p>At the end of September 2024, the forex reserves touched an all-time high of $704.885 billion.</p>.Rupee performed well compared to other global currencies due to strong forex reserves: Minister Piyush Goyal.<p>For the week ended February 28, foreign currency assets, a major component of the reserves, decreased by $493 million to $543.35 billion, the data released on Friday showed.</p>.<p>Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.</p>.<p>Gold reserves decreased by $1.304 billion to $73.272 billion during the week, the RBI said.</p>.<p>The Special Drawing Rights (SDRs) were up by $27 million to $17.998 billion, the apex bank said.</p>.<p>India's reserve position with the IMF fell by $12 million to $4.078 billion in the reporting week, the apex bank data showed. </p>
<p>Mumbai: India's <a href="https://www.deccanherald.com/tags/forex">forex</a> reserves dropped by $1.781 billion to $638.698 billion in the week ended February 28, the RBI said on Friday.</p>.<p>The overall forex kitty had jumped by $4.758 billion to $640.479 billion in the previous reporting week.</p>.<p>At the end of September 2024, the forex reserves touched an all-time high of $704.885 billion.</p>.Rupee performed well compared to other global currencies due to strong forex reserves: Minister Piyush Goyal.<p>For the week ended February 28, foreign currency assets, a major component of the reserves, decreased by $493 million to $543.35 billion, the data released on Friday showed.</p>.<p>Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves.</p>.<p>Gold reserves decreased by $1.304 billion to $73.272 billion during the week, the RBI said.</p>.<p>The Special Drawing Rights (SDRs) were up by $27 million to $17.998 billion, the apex bank said.</p>.<p>India's reserve position with the IMF fell by $12 million to $4.078 billion in the reporting week, the apex bank data showed. </p>