India Forex Reserve News: There has been a decline in India’s foreign exchange reserves. In the week ending April 21, 2023, foreign exchange reserves have come down from a nine-month high. According to the data done by RBI (Reserve Bank of India), the foreign exchange reserves have declined by $ 2.16 billion during this period and it has come down to $ 584.25 billion. In the previous two weeks, there was an increase of $ 8 billion in foreign exchange reserves.
According to the Reserve Bank of India, two weeks ago, foreign exchange reserves had reached the highest level of nine months at $ 586.4 billion. But from there the fund has declined and it has come down to $584.25 billion. According to RBI data, foreign currency assets have declined by $ 2.14 billion and have increased to $ 514.48 billion. India’s gold reserve has declined by $2.4 million and has come down to $46.15 billion.