News > In 5th straight weekly fall, India's forex reserves dip by $2.47 billion
In 5th straight weekly fall, India's forex reserves dip by $2.47 billion
ANI News | 16/04/2022 03:35 PM | Click to read full article
India's foreign exchange reserves dipped by $2.47 billion last week, registering the fifth straight week of fall, as the RBI appears to keep selling dollars to prevent a slide in the value of the rupee amid high import bills for petroleum products.
According to the RBI's weekly statistical supplement, India's forex reserves fell by $2.471 billion to $604.004 billion for the week ended April 8.