India's Forex Reserves Take a Hit Like a Heavyweight Champ!

Listen up, folks! India’s forex reserves just took a punch, dropping by $7.05 billion to $709.75 billion during the week of March 13. Foreign currency assets are feeling the burn, down $7.67 billion, while gold is flexing its muscles at $130.68 billion! With crude oil prices rising and the rupee slipping, the RBI’s got its work cut out. Can you smell what the RBI is cooking?