New Delhi, April 28 (SocialNews.XYZ) India's foreign exchange reserves fell by $2.164 billion to $584.248 billion for the week ending April 21, according to data released by the Reserve Bank of India (RBI) on Friday.
In the previous reporting week, the overall kitty had risen by $1.657 billion to $586.412 billion.
Incidentally in October 2021, the country's forex reserves had reached an all-time high of $645 billion.
In the period under review, the reserves fell mainly due to foreign currency assets (FCAs) shrinking by $2.146 billion to $514.489 billion.
The reserves have been declining as the RBI has used the funds to defend the rupee amid pressures caused mainly by global developments.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
