InvestorQ : Is it true that India’s forex reserves bounced in the latest week to positive?
sarah Leo made post

Is it true that India’s forex reserves bounced in the latest week to positive?

Answer
image
Rashi Mehra answered.
2 months ago
Follow

It was a refreshing change for the week ended 20th May 2022 as India's forex reserves increased by $4.23 billion to a level of $597.51 billion. This comes after 10 consecutive weeks of decline in reserves as it fell from $647 billion to $593 billion. There was growth across foreign currency assets, gold and special drawing rights (SDR) of IMF. The date helped the rupee strengthen marginally.

3 Views