India's foreign exchange reserves dropped $2.412bn to $637.922bn, marking the third consecutive weekly decline (April 26).
India's foreign exchange reserves dropped $2.412 billion to $637.922 billion for the week ended April 26, marking the third consecutive weekly decline, according to RBI data. Foreign currency assets, a major component of the reserves, decreased $1.159 billion to $559.701 billion. This follows a decline of $2.28 billion to $640.33 billion in the previous week. India's forex reserves reached an all-time high of $648.562 billion in early April, but have since slipped.
May 03, 2024
12 Articles