Forex Reserves dropped to USD 308.203 billion

India-s Forex Reserves dropped by USD 2.717 billion to USD 308.203 billion for the week ended April 8, as per the recent data released by RBI.

This drop was mainly due to revaluation of the Foreign Currency Assets (FCA), which was dropped by USD 2.662 billion to USD 277.681 billion for the same week.