Forex reserves slip again: India’s forex kitty falls by $1.18 bn to $695.49 bn, gold holdings rise $150 mn

India’s foreign exchange reserves experienced a further dip of $1.183 billion, settling at $695.489 billion by July 18, according to RBI data. This decline, marking the second consecutive weekly drop, was primarily driven by a decrease in foreign currency assets. However, gold reserves saw a rise of $150 million, reaching $84.