India’s Forex Reserves Declined:
India’s forex reserves dropped to $625.87 billion as of January 10, 2025, down from $634.59 billion the previous week. The decline is due to RBI interventions to stabilize the rupee, global economic challenges, and currency depreciation.The Reserve Bank of India (RBI) has been actively intervening in the forex market to stabilize the rupee amidst global economic headwinds. These interventions have led to a depletion of reserves. Additionally, the rupee’s depreciation against the U.S. dollar has intensified the need for such measures.
