Forex reserves drop $11.41 billion to $698.35 billion as gold holdings decline
India’s foreign exchange reserves declined by $11.413 billion to $698.346 billion in the week ended March 20, mainly due to a sharp fall in gold reserves, according to data released by the Reserve Bank of India (RBI) on Friday, PTI reported.In the previous reporting week, the reserves had dropped by $7.052 billion to $709.759 billion.The…