India's Forex Reserves Continue to Fall, Kitty Now Stands 10% Below Peak
The Business Guardian|January 06, 2025
India's foreign exchange reserves have been declining, hitting a multi-month low amid RBI interventions to stabilize the Rupee.
TBG NETWORK
India's Forex Reserves Continue to Fall, Kitty Now Stands 10% Below Peak

India's foreign exchange reserves continue to decline, extending a downhill journey for three months now.

In the week that ended December 27, the country's foreign exchange kitty declined by USD 4.112 billion to USD 640.279 billion, data from the Reserve Bank of India (RBI) showed.

India's forex reserves have slumped twelve out of the past 13 weeks, hitting a fresh multi-month low.

The reserves had been falling ever since they touched an all-time high of USD 704.89 billion in September. Effectively, they are now about 10 percent lower from the peak.

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The Business Guardian

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