The country’s forex reserves have come down from $635.36 billion at the end of September, 2021 to $607.31 billion at the end of March this year. In this way, there has been a decline of $ 28.05 billion in foreign exchange reserves. The Reserve Bank of India (RBI) gave this information in a report on Thursday.
RBI publishes half yearly report on Management of Foreign Exchange Reserves. It is published with a view to improve the level of transparency and disclosure. These reports are prepared every year at the end of March and September. The present report, the 38th report in the entire series, is with reference to the situation at the end of March, 2022.
“Forex reserves stood at $635.36 billion at the end of September 2021, which declined to $607.31 billion at the end of March, 2022,” said the report released on Thursday.