 "forex")
The RBI’s foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended February 10, marking the sharpest weekly fall since April 1, 2022. The reserves are at their lowest level since January 6, 2023.
In the week ended February 10, the rupee shed 0.8 per cent to close at 82.51 per dollar as unexpectedly strong US jobs data sparked worries of the Federal Reserve raising interest rates for longer
The fall for the second straight week was primarily on account of a fall in the foreign currency assets, which dropped $7.1 billion to $500.59 billion.
In the week ended February 10, the rupee shed 0.8 per cent to close at 82.51 per dollar as unexpectedly strong US jobs data sparked worries of the Federal Reserve raising interest rates for longer
