BSc monthly magazine February
BSc monthly magazine February
BSc monthly magazine February India's foreign exchange reserves declined by $819.5 mn to
stand at $399.3 bn in the week ended Sep 7,
going a shade below the $400-bn mark
for the first time in over a year.
BSc monthly magazine February This dip in reserves comes in the wake of the
rupee depreciating by 74 paise to close at 71.74 to the dollar as on Sep
7 in the backdrop of an escalating tariff war between the US and
China, BSc monthly magazine February rising global crude-oil prices and
concerns on India's widening current account deficit (CAD). Since Mar-end 2018,
India's forex reserves have dwindled by $25.3 bn.
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