New Delhi : India’s forex reserves fell to a three-month low of $560.94 billion during the week ending February 24.
According to RBI’s weekly forex data released on Friday, this was the fourth straight week when the country’s foreign exchange reserves fell.
The reserves fell by $330 million during the period under review.
The RBI normally intervenes to prevent fluctuations in rupee’s exchange rate against the dollar in the spot and forwards markets.
Related Posts
Stock market special session today, Sensex jumps 120 points
Wipro appoints Sanjeev Jain as COO as Amit Choudhary moves on
JSW Steel posts 64 pc decline in Q4 net profit at Rs 1,299 crore