Forex reserves fall to $562 billion during period ending Dec 23: RBI data
Friday - December 30, 2022 9:21 pm ,
Category : BUSINESS
New Delhi, Dec 30 (IANS) India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, according to RBI data released on Friday.Prior to this week, the forex reserves had slipped by $571 million to $563.499 billion.Forex reserves have been falling, as they are being used to bolster the declining rupee.The country's reserve position with the International Monetary Fund (IMF) was up by $45 million to $5.159 billion in the reporting week, the data showed.Meanwhile, foreign currency assets also fell by $1.134 billion to $498.49 billion during the week ending December 23, according to RBI data.
--IANS ans/vd
--IANS ans/vd
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