India's foreign exchange reserves declined $17.76 billion last week

India's foreign exchange reserves experienced a significant drop of $17.761 billion, settling at $657.892 billion for the week ending November 15, as per RBI's report. This decline, the second consecutive one, aligns with the pressure faced by the rupee and saw foreign currency assets decrease by $15.548 billion to $569.835 billion.

Nov 22, 2024 - 18:30

India's foreign exchange reserves declined $17.76 billion last week

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India's foreign exchange reserves experienced a significant drop of $17.761 billion, settling at $657.892 billion for the week ending November 15, as per RBI's report. This decline, the second consecutive one, aligns with the pressure faced by the rupee and saw foreign currency assets decrease by $15.548 billion to $569.835 billion.