India's Forex Kitty Drops By USD 2.39 Billion To USD 560 Billion: RBI

In the week to March 3, the reserves rose by USD 1.46 billion and stood at USD 562.40 billion.

The country's forex reserves fell by USD 2.39 billion to a three-month low of USD 560.003 billion for the week to March 10, the Reserve Bank said in its latest weekly data release.

In the week to March 3, the reserves rose by USD 1.46 billion and stood at USD 562.40 billion.

On an annualised basis, the RBI said, the reserves are down by USD 47.31 billion during the week under review while on a fiscal year basis, the same plunged by USD 62.23 billion.

With this erosion, the forex kitty is at the lowest since early-December, according to the weekly statistical supplement released by the RBI on Friday.