Foreign exchange reserves continue to fall

There has been a decrease in the foreign currency assets of the country again. It has registered a decline for the sixth consecutive week. Due to this the total foreign exchange reserves of the country have also slipped down. India’s foreign exchange reserves decreased by $2.23 billion in the week ended September 9. During the first week ended August 2, 2022, there was a decrease of $ 7.94 billion in foreign exchange reserves. It was reduced to $ 553.105 billion. According to the information released by the RBI, during the week ended September 9, 2022, the foreign exchange reserves have decreased by $ 2.234 billion to $ 550.871 billion. Earlier on September 2, it had come down to $ 553.105 billion. After the week ended August 5, it has registered a steady decline. Prior to that, forex reserves had increased by $ 2.4 billion to $ 573.875 billion in the week ended July 29. After that it continued to decline for four consecutive weeks.