Forex Reserves Fall For 6th Straight Week, Decline By $311 Million

India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.

India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharply worldwide as the Russia-Ukraine war has further distorted supply chains already disrupted by the pandemic. The dollar index, which measures the greenback's performance versus a basket of six currencies, rose to two years high this week, breaking above the 100-level mark and hitting over a two-decade high against the yen on interest rate dynamics. That interest rate differential has strengthened the dollar and weighed on currency reserves, with Sri Lanka and Nepal being the prime examples of that fallout.India's foreign exchange (FX) reserves fell for the sixth straight week, by $311 million in the April 15 reported week to $603.694 billion, according to the Reserve Bank of India data on Friday. That comes after FX reserves fell by $2.471 in the prior reporting week - that ended on April 8, according to the central bank data. Dwindling forex reserves is primarily because of the dollar's rise in recent weeks, driven by the Federal Reserve's aggressive posture on policy tightening to fight surging inflation, with US policymakers openly supporting larger and faster interest rate hikes. Inflation has spiked sharp