India's Foreign Exchange Reserves Fell By $3 Bn In Last Week Of Aug

2022-09-05 06:00:51

(MENAFN- IANS)

New Delhi, Sep 5 (IANS) India's foreign exchange or forex reserves fell by $3 billion in the last week of August.

According to the Reserve Bank of India's (RBI) weekly supplementary data, the country's foreign exchange reserves fell by $3 billion to $561.046 billion in the week ending August 26, compared to $564.053 billion in the previous week.

This is the fourth straight week when foreign exchange reserves have continued with their declining trend.

India's forex reserves have fallen by more than $70 billion since the outbreak of the Ukraine-Russia war in February.

Also they have slid by more than $80 billion since October 2021.

--IANS

ans/ksk/

MENAFN05092022000231011071ID1104811691

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.