Forex reserves dip by USD 2.25 bn to USD 407.81 bn

Forex reserves dip by USD 2.25 bn to USD 407.81 bn

India’s foreign exchange reserves declined by USD 2.25 billion to USD 407.81 billion in the week to June 22 on account of fall in foreign currency assets, Reserve Bank of India (RBI) data showed.

In the previous week, reserves had decreased by USD 3.04 billion to USD 410.07 billion.

Forex reserves had crossed the USD 400-billion mark for the first time in the week to September 8, 2017, but have since been fluctuating.

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