- India’s foreign exchange (forex) reserves declined for the seventh consecutive week.
- Forex or foreign exchange reserves are assets held by the central bank in foreign currencies as a reserve.
- According to Reserve Bank of India (RBI), India’s forex reserves stood at $600.42 billion as of April 22, 2022.
- All components in India’s forex reserves witnessed a fall in the week ending April 22, 2022.
- The forex reserves were at an all-time high of $642.453 billion on September 3, 2021.
Tags:
Economics
