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According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, rose by USD 10.485 billion to USD 505.348 billion.
In its bulletin of March 2023, RBI's data showed that it purchased $12.90 billion in January 2023, while selling $13.29 billion. Hence, the total dollar sales were at $384 million in the month.
The country's forex reserves fell by USD 2.39 billion to a three-month low of USD 560.003 billion for the week to March 10, the Reserve Bank said in its latest weekly data release.
As per RBI's latest report, India's reserves stood at $560.003 billion in the week ending March 10th, down by $2.397 billion. In the previous week which ended on March 3rd, reserves halted four consecutive weeks of losing streak to rise by $1.458 billion to $562.40 billion.
As per RBI's latest weekly statistical data, reserves dipped by $325 million to $560.942 billion in the week ending February 24, 2023. In the previous week, reserves had plunged by $5.681 billion.
According to RBI's latest data, India's foreign currency assets, the biggest component of the forex reserves, declined USD 4.515 billion to USD 496.072 billion.
In the previous week that ended February 10, reserves registered the biggest weekly drop in more than 11 months by $8.319 billion to $566.948 billion.. The last time, forex reserves were up was in the week that ended on January 27, 2023.
The latest data of RBI showed that in the week ending February, forex reserves stood at $566.948 billion, declining by $8.319 billion. This would be a far bigger decline compared to the previous week's drop of $1.494 billion.