Forex Reserves Dip by $2.119 Billion, Now at $723.608 Billion – Insights from The Times of India
Summary India’s foreign exchange reserves, managed by the Reserve Bank of India (RBI), play a crucial role in maintaining economic stability. As of 2024, these reserves reached approximately $723.608 billion but recently declined by $2.119 billion, mainly due to a depreciating rupee, high global oil prices, and capital outflows. This decline raises concerns regarding currency […]
