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Forex reserves fall to $562 billion during period ending Dec 23: RBI data

By IANS | Published: December 30, 2022 9:21 PM

New Delhi, Dec 30 India's foreign exchange reserves fell by $691 million to $562.808 billion as on December ...

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New Delhi, Dec 30 India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, according to RBI data released on Friday.

Prior to this week, the forex reserves had slipped by $571 million to $563.499 billion.

Forex reserves have been falling, as they are being used to bolster the declining rupee.

The country's reserve position with the International Monetary Fund (IMF) was up by $45 million to $5.159 billion in the reporting week, the data showed.

Meanwhile, foreign currency assets also fell by $1.134 billion to $498.49 billion during the week ending December 23, according to RBI data.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: indiaNew DelhiInternational Monetary FundThe new delhi municipal councilDelhi south-westImf researchIndiUk-indiaRepublic of indiaNational and global
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