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India’s Foreign Exchange Reserves Fall by USD 3 Billion in the Last Week of July

According to the Reserve Bank of India (RBI), India’s foreign exchange (forex) reserves decreased by USD 3.165 billion to USD 603.87 billion for the week ending July 28.

After falling by USD 1.987 billion to USD 607.035 billion in the previous reporting week, this is the second consecutive weekly decrease in reserves.

According to the Weekly Statistical Supplement published by the RBI, the foreign currency assets, a significant part of the reserves, declined by USD 2.416 billion to USD 535.337 billion for the week ending July 28.

Source- Travel biz

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