
India’s foreign exchange reserves continue to decay, down 10% from peak
India’s foreign exchange reserves have declined in 12 of the last 13 weeks, hitting a multi-month lowIndia’s foreign exchange reserves continue to decline, continuing a three-month long decline. In the week ended December 27, the country’s foreign exchange reserves fell by $4.112 billion to $640.279 billion, data from the Reserve Bank of India (RBI) showed.India’s…