India's foreign exchange reserves register steepest weekly fall; Value of gold reserves also lessens

Uploaded by Gerald Getty on April 9, 2022 at 8:10 pm

India’s forex reserves fall by $11.173 billion to $606.475 billion (dip for the fourth straight week). Foreign exchange reserves registered the steepest weekly dip on record as the Rupee came under pressure. India’s foreign exchange reserves have declined by over $26 billion in the past four weeks. Pressure on the Rupee – Ukraine war, the continuing impact of the pandemic & other geopolitical developments.

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