Finance
EnglishIndia's Forex Reserves Slip: Down $7 Billion This Week
India's forex reserves took a nosedive, dropping by $7.05 billion to $709.75 billion as of March 13. The drop was mainly due to a fall in foreign currency assets, which slid by $7.67 billion. Meanwhile, gold reserves managed to shine a bit brighter, rising to $130.68 billion. The RBI is bracing for more market drama as global tensions continue to shake things up.
few hours ago | Anupreksha Jain
Quick rundown
1.India's forex reserves fell by $7.05 billion.
2.Gold reserves increased to $130.68 billion.
3.RBI sold $6 billion net in the spot market.
4.FPI outflows in March reached $10 billion.
5.Geopolitical tensions impact forex reserves.
Quick rundown
1.India's forex reserves fell by $7.05 billion.
2.Gold reserves increased to $130.68 billion.
3.RBI sold $6 billion net in the spot market.
4.FPI outflows in March reached $10 billion.
5.Geopolitical tensions impact forex reserves.