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Forex reserves fall by $12 billion after a decade

March 28, 2020

Forex reserves fall by $12 billion after a decade

Forex reserves fall by $12 billion in a week as the RBI is supplying money to the market due to the fall in India rupee. Value of rupee has gone down as the investors are withdrawing their money from the markets due to the outbreak of coronavirus.

The reserves are declining for the past six months. Forex reserves  for invest in stocks have declined to $15 billion in last week.

Foreign currency assets (FCA) has declined rapidly due to the global crisis.

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