Slump in India's forex reserves continue; declined USD 8.5 billion
New Delhi [India], December 27 (ANI): India's foreign exchange (forex) reserves continue to decline. In the week that ended December 20, the foreign exchange kitty declined by USD 8.478 billion to USD 644.391 billion, data from the Reserve Bank of India (RBI) showed Friday.
India's forex reserves have slumped eleven out of the past 12 weeks, hitting a new multi-month low.
The reserves had been falling ever since it touche