Market analysts attribute the decline in foreign currency assets to the RBI actively releasing dollars in the market to curb the volatility in the rupee.
Tag: Foreign Currency Assets
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India’s Foreign Exchange Kitty Rises For 5th Week In A Row
In the preceding week that ended on March 15, the forex reserves had increased by a more robust $6.4 billion to scale a record high of $642.49 billion.
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Forex Reserves Decline USD 5.24 Bn To USD 617.23 Bn
The forex kitty stood at USD 622.5 billion for the week ended February 2.