India's foreign exchange reserves have fallen by $45 billion in the last 8 months, from a peak of $642.5 billion on September 3, 2021. A variety of reasons have led to this fall -- RBI selling dollars to support the rupee, India's rising trade deficit to multi-year highs and risk aversion by foreign investors who have moved out of emerging markets including India to less riskier assets.
---------------------------------------------------------------------------------------------
Join our channel to get access to perks. Click 'JOIN' or follow the link below:
https://www.youtube.com/channel/UCuyRsHZILrU7ZDIAbGASHdA/join
---------------------------------------------------------------------------------------------
Connect with ThePrint
» Subscribe to ThePrint: https://theprint.in/subscribe/
» Subscribe to our YouTube Channel: https://bit.ly/3nCMpht
» Like us on Facebook: https://www.facebook.com/theprintindia
» Tweet us on Twitter: https://twitter.com/theprintindia
» Follow us on Instagram: https://www.instagram.com/theprintindia
» Find us on LinkedIn : https://www.linkedin.com/company/theprint
» Subscribe to ThePrint on Telegram: https://t.me/ThePrintIndia
» Find us on Spotify: https://spoti.fi/2NMVlnB
» Find us on Apple Podcasts: https://apple.co/3pEOta8