India Forex Reserve

India’s forex reserves at 20-month low, currently $572bn

India’s forex reserves fell by $7.5 billion to $572.7 billion – a 20-month low – as of July 15, due to spiraling costs of imports, the Reserve Bank of India (RBI) has said.

July 23, 2022
July 23, 2022

India’s forex reserves at 20-month low, currently $572bn

India’s forex reserves fell by $7.5 billion to $572.7 billion – a 20-month low – as of July 15, due to spiraling costs of imports, the Reserve Bank of India (RBI) has said.