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Forex Reserves
January 13 , 2023
677 days
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- India’s foreign exchange reserves fell by $70.1 billion in 2022.
- The forex reserves stood at $562.9 billion in the week ended December 30.
- The rupee depreciated 10.2% against the US dollar in calendar year 2022.
- In 2022, foreign investors pulled out Rs 1.2 lakh crore from the domestic equity market.
- FIIs sell their equity investment in the rupee, convert it into the dollar and take the money out.
- The reserves reached an all-time high of $642.5 billion in September 2021
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