India’s forex reserves slide to $561 billion

New Delhi:  India’s forex reserves fell by $5.681 billion to $561.267 billion for the week ended February 17, according to RBI data released on Friday.

This is the third week in a row when forex reserves have shown a dip.

Last week, they had fallen by $8.319 billion to $566.948 billion.

In October 2021, the country’s forex reserves had reached an all-time high of $645 billion.

The reserves have been declining as the central bank has been using them to bolster the rupee amid global headwinds.

See also  Former Deputy CM appears before Vigilance Bureau

Related Posts

About The Author

Contact Us