New Delhi, Feb 25 (IANS): India's forex reserves fell by $5.681 billion to $561.267 billion for the week ended February 17, according to RBI data released on Friday.
This is the third week in a row when forex reserves have shown a dip.
Last week, they had fallen by $8.319 billion to $566.948 billion.
In October 2021, the country's forex reserves had reached an all-time high of $645 billion.
The reserves have been declining as the central bank has been using them to bolster the rupee amid global headwinds.
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Deshbhakt, Mangalore
Sat, Feb 25 2023This is Seethakka's dream. Dollar gets expensive. So when we export beef, we get less dollars.
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Sameer, Riyadh
Sat, Feb 25 2023After three consecutive years of rise, India's foreign exchange reserves declined by around $ 70 billion in 2022 amid rising inflation and interest rates. India's total forex reserves touched an all time high of US$642.453 billion on 8 September 2021. Week end Feb 17, it is $561 billion. Looks like more pain ahead. Just last 2 days USD vs INR dropped 20 paisa. Almost 83 again. Just yesterday Defense Minister Rajnath Singh said India will be worlds 3rd largest economy. Defense minister giving statement of Finance Minister. Finance Minister giving statement related to Health Ministry. Health Minister giving statement related to Agriculture. Agriculture minister giving statement related to China. Yehi c.....yapa chal raha hai.
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Rolf, Dubai
Sat, Feb 25 2023H. Almeida., Bendur/Andheri. Fri, Feb 24 2023 Dude !!! Your imagination are running riot !!!! Continue to support the sponsors of " Hinduvita Radical idelogy of Cheddi "
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MHD, kundapura
Sat, Feb 25 2023dreaming for 5 billion
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