News > India’s forex reserves hit near 2-year low

India’s forex reserves hit near 2-year low

The Siasat | 24/09/2022 02:32 PM | Click to read full article

Mumbai: India’s foreign exchange reserves declined for a seventh straight week, touching $545.652 billion in the week ending September 16, Reserve Bank of India’s data showed on Friday.

The Indian rupee on Friday fell 41 paise to an all-time low of 81.20 against the US dollar in early trade on the back of US Treasury yields climbing to fresh multi-year highs and dollar demand from importers. 

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