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Forum => Kenya Discussion => Topic started by: Nowayhaha on March 20, 2023, 06:17:41 PM

Title: Dollar as a Forex Reserve and Currency in Trading Falling heavily
Post by: Nowayhaha on March 20, 2023, 06:17:41 PM

https://wap.business-standard.com/article-amp/news-cm/india-s-forex-reserves-fall-by-1-268-billion-in-first-week-of-2023-123011600181_1.html

Quote

India's foreign exchange reserves fell by USD 1.268 billion to USD 561.583 billion in the week ending on January 6, Reserve Bank of India's Bulletin Weekly Statistical Supplement data showed. According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined by USD 1.747 billion to USD 496,441 billion. At the start of 2022, the overall forex reserves were at about USD 633 billion.