A bad news has come out about the country’s treasure between Trump Tariff. In fact, the Forex Reserve of the country has seen the biggest decline in the current year. According to RBI data, there has been a decline of more than 9 billion dollars in the week ended August 1, or about 82 thousand crores. Surprisingly, this decline is the largest after November 2024. At that time, more than 17 billion dollars were drowned from the foreign treasury. Apart from the Forex Reserve, there has been a major decline in the assets. Also, the gold reserve has also reduced. Let us also tell you how much the country’s foreign exchange reserves are left.
Record fall in forex reserve
According to Friday data from the Reserve Bank of India (RBI), India’s foreign exchange reserves declined by $ 9.322 billion, or about $ 688.871 billion in the week ended August 1, to $ 688.871 billion, which is one of the biggest declines in recent times. The total reserves in the last reporting week increased by $ 2.703 billion to $ 698.192 billion. The special thing is that after 22 November 2024, there has been the biggest decline in foreign exchange reserves. At that time, there was a decline of more than $ 17 billion in foreign exchange reserves.
How much fall in gold reserve
According to the data, in the week ended August 1, a major components of foreign exchange reserves declined by $ 7.319 billion to $ 581.607 billion. Expressed in terms of dollars, foreign currency assets include the effect of price growth or depreciation of non-American units such as euros, pounds and yen placed in foreign exchange reserves. The RBI said that the gold reserves declined by $ 1.706 billion to $ 83.998 billion during the week. The Central Bank said that SDR declined US $ 237 million to US $ 18.572 billion. According to RBI data, India’s reserved status in the IMF also fell by US $ 59 million to US $ 4.694 billion in the week under review.
Pakistan’s treasury also decreased
On the other hand, there has been a big decline in the forex reserve of Pakistan. According to the data of State Bank of Pakistan, foreign exchange reserves have decreased by US $ 72 million. The bank reported that during the week ended August 1, the bank’s total foreign exchange reserves stood at around $ 14.2 billion. Commercial banks had a net foreign exchange reserves of about $ 5.3 billion. The total liquid foreign exchange reserves near the South Asian country were around $ 19.5 billion.