India's foreign exchange reserves continue to decline, extending their slump for about four months now. India's forex reserves have slumped fifteen out of the past sixteen weeks, hitting about an 11-month low.
India's foreign exchange reserves (Forex) continue to decline, extending their slump for the sixth consecutive week, standing at USD 625.87 billion as of January 10, according to the weekly data released by the Reserve Bank of India (RBI).
Malviya highlighted key metrics, such as India's "reduced current account deficit, strong foreign exchange reserves, and restrained external debt growth," which he said have contributed to the rupee's stability despite global challenges.
India's foreign exchange reserves continue to decline, extending their slump for over three months now. India's forex reserves have slumped thirteen out of the past fourteen weeks, hitting about a 10-month low.
India's foreign exchange reserves (Forex) are sufficient to meet the more than 11 months of imports and about 96 per cent of external debt outstanding at end-June 2024, stated the Reserve Bank of India (RBI) on Tuesday.
India's foreign exchange (forex) reserves continue to decline. In the week that ended December 13, the foreign exchange kitty declined by USD 1.988 billion to USD 652.869 billion, data from the Reserve Bank of India (RBI) showed Friday.
The government on Monday clarified that the recent decline in India's foreign exchange reserves (FER) is not the highest decline in the country's history.