India's forex reserves decline $7.8 billion, rupee weakens
after close1 source ↓written by the desknot a recommendation
- reserves fell
- $7.794 billion
- for the week
- $690.693 billion
- The rupee closed
- 25 paise lower
- 94.47 against the dollar
India's foreign exchange reserves fell by $7.794 billion to $690.693 billion for the week ending 1 May. The rupee closed 25 paise lower at 94.47 against the dollar, marking the second consecutive weekly decline. The central bank is utilizing reserves to stabilize the currency amid market volatility.
Not investment advice. For informational purposes only.