forex reserves

The country’s foreign exchange reserves declined by USD 4.599 billion to USD 596.458 billion in the week ended June 10, RBI data showed on Friday.In the previous week, the reserves had decreased by USD 306 million to USD 601.057 billion.…

Emerging market economies, including India, need to keep foreign exchange reserves liquid after building a substantial buffer as in extreme cases like the global financial crisis or Covid outbreak there could be an outflow of as much as…