💨 Abstract

India's foreign exchange reserves rose by $10.872 billion to $676.26 billion in the week ending April 4, marking the fifth consecutive weekly increase. The reserves have been volatile, with gains and losses over the past few months. The decline in reserves, which started after hitting an all-time high in September, is likely due to RBI intervention to prevent a sharp depreciation of the Rupee.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖