ECONOMY: India Forex Reserves Tumble To $639 Billion, Reaching 11 Month Low

India’s foreign exchange reserves have declined to $638.698 billion as of the week ending February 28, marking an 11-month low. This drop of $1.781 billion follows a volatile trajectory where reserves have fluctuated between gains and losses over recent weeks.The decline is largely attributed to the Reserve Bank of India’s (RBI) intervention to stabilise the Indian Rupee, which has been near its
India’s foreign exchange reserves have declined to $638.698 billion as of the week ending February 28, marking an 11-month low. This drop of $1.781 billion follows a volatile trajectory where reserves have fluctuated between gains and losses over recent weeks.The decline is largely attributed to the Reserve Bank of India’s (RBI) intervention to stabilise the Indian Rupee, which has been near its
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