India's Forex Reserves Plunge by USD 6.7 Billion to USD 717.06 Billion

• India's forex reserves dropped by USD 6.711 billion to USD 717.064 billion in the week ended February 6.
• This follows a record high of USD 723.774 billion in the previous reporting week.
• Foreign currency assets increased by USD 7.661 billion to USD 570.053 billion.
• The value of gold reserves decreased by USD 14.208 billion to USD 123.476 billion.
• Special Drawing Rights (SDRs) and India’s reserve position with the IMF also saw declines.