India's forex reserves drop $4.8 bn from an all-time high, settling at $670.12 bn as of Aug 9

India’s foreign exchange reserves decreased by $4.8 billion, hitting $670.12 billion for the week ending August 9. Foreign currency assets saw a decline of $4.079 billion, and gold reserves fell by $860 million. However, SDRs and the IMF reserve position experienced slight increases. The Reserve Bank of India continues to monitor and intervene in the market for stability.
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