What has flipped the forex reserve decline of India?
India’s foreign exchange reserves, which peaked at $642 billion in October 2021, declined for most part of last year. The trend reversed this year with forex reserves touching a 15-month high of $609 billion as of 14 July. Mint explains the reasons behind this rise.
source https://www.livemint.com/news/india/what-has-flipped-the-forex-reserve-decline-of-india-11690308775646.html
source https://www.livemint.com/news/india/what-has-flipped-the-forex-reserve-decline-of-india-11690308775646.html
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