Key Points
In October 2021, the country's foreign exchange reserves touched an all-time high of about USD 645 billion..
India's foreign exchange reserves increased by $4.53 billion to $588.78 billion on a weekly basis as of April 28, 2023, according to the Reserve Bank of India's data released on Friday...
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion...
In the week ending April 21, the forex reserves had fallen largely because of the RBI's intervention in the market to defend the depreciating rupee against a surging US dollar...
The rupee was little changed at close on Thursday in a holiday-shortened week, as likely dollar purchases by the central bank offset foreign inflows into the domestic equity market..
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India's forex reserves fall $2.40 billion to 3-month low of $560 billion
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