<p>Mumbai: India's forex reserves dropped by $9.809 billion to $686.801 billion in the week to January 2, the Reserve Bank of India (RBI) said on Friday.</p>.<p>In the previous reporting week, the forex reserves had jumped by $3.293 billion to $696.61 billion.</p>.<p>For the week ended January 2, foreign currency assets, a major component of reserves, decreased by $7.622 billion to $551.99 billion, the central bank's data showed.</p>.<p>Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.</p>.Elon Musk's AI bot Grok limits image generation on X to paid users after backlash.<p>Value of the gold reserves dropped by $2.058 billion to $111.262 billion during the week, the RBI said.</p>.<p>The Special Drawing Rights (SDRs) were down by $25 million to $18.778 billion, the apex bank said.</p>.<p>India's reserve position with the IMF dropped by $105 million to $4.771 billion in the reporting week, according to the apex bank's data. </p>
<p>Mumbai: India's forex reserves dropped by $9.809 billion to $686.801 billion in the week to January 2, the Reserve Bank of India (RBI) said on Friday.</p>.<p>In the previous reporting week, the forex reserves had jumped by $3.293 billion to $696.61 billion.</p>.<p>For the week ended January 2, foreign currency assets, a major component of reserves, decreased by $7.622 billion to $551.99 billion, the central bank's data showed.</p>.<p>Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves.</p>.Elon Musk's AI bot Grok limits image generation on X to paid users after backlash.<p>Value of the gold reserves dropped by $2.058 billion to $111.262 billion during the week, the RBI said.</p>.<p>The Special Drawing Rights (SDRs) were down by $25 million to $18.778 billion, the apex bank said.</p>.<p>India's reserve position with the IMF dropped by $105 million to $4.771 billion in the reporting week, according to the apex bank's data. </p>