India’s international trade (foreign exchange) reserves continue to decline. The reserves have made their tenth weekly fall to $593.279 billion, as per the newest RBI information.
India’s forex reserves dipped by $2.676 billion to 593.279 billion for the week ended May 13, 2022, in contrast to the earlier week.
In the week ending May 13, international forex property dived by $1.302 billion to $529.554 billion, whereas gold reserves slipped by $1.169 billion to $40.570 billion. Also, SDRs dipped by $165 million to 18.204 billion within the week below evaluation.
Reserves place within the IMF stood at $18.204 billion down by $39 million within the week ending May 13.
The reserves had been at an all-time excessive of $642.453 billion on September 3, 2021.
