Forex Reserves Fall Nearly $10 Billion To $622.275 Billion, RBI Data
NDTV
Foreign exchange reserves declined by $9.646 billion to $622.275 billion in the week that ended on March 11, according to the Reserve Bank of India.
India's foreign exchange reserves declined by $9.646 billion to $622.275 billion in the week that ended on March 11, according to the latest data from the Reserve Bank of India.
That comes after reserves jumped by $394 million to $631.92 billion in the prior week that ended on March 4.
The decline in the latest week was primarily driven by the fall in the foreign currency assets (FCA) - a significant component of the overall reserves. Indeed, FCA decreased by $11.108 billion to $554.359 billion in the week that ended on March 11, the RBI weekly data released on Friday showed.
Forex reserves had touched a lifetime high of $642.453 billion in the week that ended on September 3, 2021.
