India's forex reserves drop $ 462 million to $ 590.321 billion
Friday, 17 November 2023 India's forex kitty decreased by USD 462 million to USD 590.321 billion for the week ended November 10, the Reserve Bank said on Friday. In the previous reporting week, the overall reserves had increased by USD 4.672 billion to USD 590.783 billion. In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.
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India's foreign exchange reserves increased by $2.579 billion to $586.111 billion in the week ending October 27, according to the Reserve Bank of India. This... IndiaTimes
Friday, 17 November 2023
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