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India’s foreign exchange reserves touches all-time low

New Delhi: The s foreign exchange reserves of Indian touched all-time low in a year. The forex reserves  fell by $ 1.7 billion to the lowest in over a year in the May. As per experts, the sustained foreign fund outflows and the rupee’s weakness driven by the dollar’s broad surge is the main reason for the downfall.

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Forex reserves of India  fell by $ 1.744 billion to $ 595.954 billion in the last week. The forex reserve is falling for the  9th week in a row . It is  the lowest since late March 2021.

 

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