India's Forex Reserves Decline by USD 2.12 Billion to USD 723.61 Billion

India's foreign exchange reserves declined by USD 2.119 billion to USD 723.608 billion in the week ending February 20, according to Reserve Bank of India data. This followed a previous week’s rise of USD 8.663 billion to a record USD 725.727 billion. The decrease included a USD 1.039 billion drop in foreign currency assets, a USD 977 million fall in gold reserves, an USD 84 million reduction in Special Drawing Rights, and an USD 18 million decline in the IMF reserve position.