India's foreign exchange reserves fell by $3 bn in last week of August
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
India's foreign exchange or forex reserves fell by $3 billion in the last week of August.
According to the Reserve Bank of India's (RBI) weekly supplementary data, the country's foreign exchange reserves fell by $3 billion to $561.046 billion in the week ending August 26, compared to $564.053 billion in the previous week.
This is the fourth straight week when foreign exchange reserves have continued with their declining trend.
India's forex reserves have fallen by more than $70 billion since the outbreak of the Ukraine-Russia war in February.
Also they have slid by more than $80 billion since October 2021.
