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As per the data from the apex bank, the Foreign Currency Assets (FCAs), the biggest component of the forex reserves, reported a drop of USD 4.07 billion
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According to the latest data released by the Reserve Bank of India (RBI), India's foreign currency assets (FCA), the biggest component of the forex reserves, rose from USD 5.162 billion to USD 592.039 billion
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The forex had declined for the previous two consecutive weeks, dropping USD 1.713 billion to USD 651.997 billion for the week ended 28 June
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Foreign portfolio investment (FPI) flows surged in 2023-24, with net FPI inflows reaching USD 41.6 billion
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