As per the latest data released by the Reserve Bank of India (RBI), the country s foreign exchange kitty declined by USD 5.401 billion to USD 643.162 billion in the April 12 week
Foreign exchange reserves also include India s reserve tranche position in the International Monetary Fund. Apart from India s strong growth and inflows into equity and debt markets, the RBI has been absorbing inflows to build reserves.
In 2022, Indias forex kitty slumped USD 71 billion cumulatively. Gold reserves during the week, however, declined by USD 102 million to USD 474.74 billion.