India's forex fall by $14.9 billion in a week, says RBI: Where do reserves stand now?
India's foreign exchange reserves fell by $14.9 billion in a single week, according to the RBI's Weekly Statistical Supplement. The decline was driven mainly by a fall in foreign currency assets, the largest component of the country's forex reserves.
Nabka Insight
A sharp weekly drop in reserves is a key indicator of external-sector pressure.
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- Forex reserves fell by $14.9 billion in one week.
- Source: RBI's Weekly Statistical Supplement.
- The fall was driven mainly by foreign currency assets, the largest reserve component.
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