India’s forex fell by $2.68 bn aided by drop in gold reserves for week ended May 13 - Economic Times

According to an article 'State of the Economy', published in the RBI's Bulletin for May, foreign exchange reserves at USD 596 billion as on May 6 were equivalent to about 10 months of imports projected for 2022-23.

Indias forex reserves fell by 2.68 billion to around $593.2 billion for the week ended May 13 with a sizable contraction of gold reserves aiding the fall, show latest data from the Reserve Bank of In… [+637 chars]

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