India's foreign exchange reserves fell by $8.094 billion to $688.894 billion for the week ending May 15, following a $6.295 billion rise the previous week.
Forex reserves hit a record high of $728.494 billion for the week ending February 27
May 23, 2026
04:03 pm
What's the storyIndia's foreign exchange reserves have witnessed a major decline, falling by $8.094 billion to settle at $688.894 billion for the week ending May 15, data from the Reserve Bank of India (RBI) revealed.
The fall comes after a rise of $6.295 billion in the previous week, taking the total to $696.988 billion for the week ending May 8.
The holdings ‘remain comfortable’, extending cover for goods imports for about 11 months, the Reserve Bank of India said.
Mumbai, May 22 (PTI) India’s forex reserves dropped USD 8.094 billion to USD 688.894 billion during the week ended May 15, the…
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