India's foreign exchange reserves dipped by $11.17 billion
10 Apr 2022 07:38 PM
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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