India's forex reserves decline for fifth week, possibly due to RBI selling
New Delhi [India], November 8 (ANI): India's foreign exchange reserves fell for the fifth consecutive week after reaching an all-time high last month.
In the week ending November 1, forex reserves declined by USD 2.675 billion to USD 682.130 billion, according to data released by the Reserve Bank of India (RBI) on Friday.
In the three previous weeks, reserves dropped by USD 3.7 billion, USD 10.7 billion, USD 2.16 billion,