India’s forex reserves fall for fourth week in a row, at 3-month low

March 4, 2023

India’s forex reserves slid by $325 million to $560.94 billion for the week ended February 24, data from the Reserve Bank of India (RBI) showed on Friday. India’s reserves have seen negative movement for the fourth straight week. The reserves have been declining as the central bank deploys the kitty to defend the rupee amid pressures caused majorly by global developments.

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