India forex reserves decline $7.8 billion, rupee weakens
pre-market1 source ↓written by the desknot a recommendation
- reserves fell
- $7.794 billion
- in the week
- $690.693 billion
- to close
- 25 paise
- against the dollar
- 94.47
India's foreign exchange reserves fell by $7.794 billion to $690.693 billion in the week ending 1 May. The rupee weakened 25 paise to close at 94.47 against the dollar. This marks the second consecutive weekly decline, attributed to the Reserve Bank of India's efforts to stabilize the currency market amid rising volatility.
Not investment advice. For informational purposes only.