India’s foreign exchange reserves have fallen for the seventh week in a row, to $600.42 billion

For the seventh week in a row, India’s foreign exchange (forex) reserves have fallen.
According to the most recent RBI data, the country’s forex reserves fell by $3.27 billion to $600.42 billion for the week ending April 22.

In the week ending April 22, all components of India’s forex reserves fell.

The forex reserves fell by $311 million from the previous week.

For the seventh week in a row, India’s foreign exchange reserves have fallen.
On September 3, 2021, the reserves reached an all-time high of $642.453 billion.

According to the data, India’s foreign currency assets fell by $2.84 billion to $533.93 billion in the week ending April 22, 2022.

Furthermore, gold reserves fell by $377 million to $42.77 billion, while SDRs fell by $33 million to $18.66 billion at the end of the week under review.

Meanwhile, the IMF’s Reserve Position stood at $5.06 billion in the week ending April 22, down $26 million from the previous week.

Source:Mint