India’s forex reserves fall to $616.9 billion

India's foreign exchange reserves fell to $616.9 billion as of Aug. 20, compared with $619.37 billion a week earlier, the Reserve Bank of India (RBI) said on Friday. Changes in foreign currency assets, expressed in dollar terms, include the effect of appreciation or depreciation of other currencies held in RBI'S reserves. Foreign exchange reserves include India's Reserve Tranche position in the International Monetary Fund. In the previous week ended August 13, 2021, the reserves had declined by $2.099 billion to $ 619.365 billion.