New Delhi: India’s forex reserves dipped by $5.681 billion to $561.267 billion for the week ended February 17, according to RBI data released on Friday.
This is the third week in a row when it have shown a downward trend.
Last week, they had fallen by $8.319 billion to $566.948 billion.
In October 2021, the country’s forex reserves had reached an all-time high of $645 billion.
The reserves have been declining as the central bank has been using them to bolster the rupee amid global headwinds.
ALSO READ: MoU inked between APEDA and Lulu Hypermarket for export promotion of millets
FIRST Business Portal addressing the potential of business capability of North East Region.
