News > Why has India’s forex reserves declined?
Why has India’s forex reserves declined?
The Hindu | 06/10/2022 05:12 PM | Click to read full article
India’s foreign exchange reserves are lower by about $100 bn from a year ago. The rupee has also depreciated; it has seen a decline of more than 7% since the start of the financial year in April.
Though the RBI has dipped into the reserves to help stem volatility in the rupee, that is not the only reason that the observed value of reserves has declined.
