PTI Mumbai, February 17India’s forex reserves dropped by $8.319 billion to $566.948 billion for the week ended February 10, the RBI said on Friday
PTI
Mumbai, February 17
India’s forex reserves dropped by $8.319 billion to $566.948 billion for the week ended February 10, the RBI said on Friday. This is the second consecutive week of drop in the reserves after the $1.49-billion decrease in the previous reporting week.
It can be noted that in October 2021, the country’s forex kitty had reached an all-time high of $645 billion. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.
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