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India's forex reserves hit two-month low
India's forex reserves fell to a two-month low of $616.10 billion on Feb 16, declining for two consecutive weeks. The RBI reported a $1.13 billion decrease in reserves, following a $5.3 billion decrease the previous week. Changes in foreign currency assets are caused by the RBI's intervention as well as the appreciation or depreciation of foreign assets held in the reserves.
India's forex reserves fell to a two-month low of $616.10 billion on Feb 16, declining for two consecutive weeks. The RBI reported a $1.13 billion decrease in reserves, following a $5.3 billion decrease the previous week. Changes in foreign currency assets are caused by the RBI's intervention as well as the appreciation or depreciation of foreign assets held in the reserves. 
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