The Reserve Bank of India (RBI) sold $3.65 billion on a net basis in the spot foreign exchange market in April, according to data released in the central bank's monthly bulletin. Additionally, India's forex reserves dropped by $2.92 billion to $652.89 billion for the week ended June 14. Foreign currency assets, a major component of the forex reserves, decreased by $2.09 billion to $574.24 billion during the same period. The reserves were previously at $655.82 billion.
India's forex reserves drop by USD 2.92 billion to USD 652.89 billion for the week ended June 14, says RBI
News Alert | RBI: Forex reserves at $652.90 bn as of June 14, down $2.92 bn on week @RBI https://t.co/Qr7lp1V9oN
#ForexData | Total reserves in week-ended June 14 down $2.92 bn at $652.89 bn Foreign currency assets in week-ended June 14 down $2.09 bn at $574.24 bn https://t.co/1w7eYABrdm
🇮🇳 India FX Reserves, USD $INR Actual: 652.90B Previous: 655.82B
RBI sold $3.65 billion on a net basis in the spot foreign exchange market in April, data released as part of the central bank's monthly bulletin showed. #rbi #forex https://t.co/xIlK4gDuyl