India's foreign exchange reserves dipped by $11.17 billion

10 Apr 2022 07:38 PM

India's foreign exchange reserves dipped by $11.17 billion in the week ended April 1, due to a sharp plunge in foreign currency assets. This is the steepest weekly fall ever, the Reserve Bank of India data showed.



 This is the fourth consecutive week of decline in the country's forex reserves as the RBI continues to intervene in the currency markets by way of dollar sales to prevent a slide in the value of the rupee amid the Russia-Ukraine conflict. India's forex reserves had declined by $2.03 billion to $617.648 billion during the week ended March 25. The forex reserves have declined by over $26 billion in the past four weeks for which the official data is available.

Decline in country's forex reserves for 4th consecutive week

RBI preventing slide in rupee’s value amid Russia-Ukraine conflict

Forex reserves declined by $2.03 to $617.648 billion during week ended March 25

Reserves declined by over $26 billion in the past four weeks




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