India's forex reserves fell $11 billion in last three weeks

Economists anticipate that India’s forex reserves, which provides a cushion against any external risks, may fall further to about $565 billion by the end of FY23 as the Asian economy would use its capital account to finance current account deficits which is projected to widen to over 3% of GDP in FY23.

India's forex reserves fell $11 billion in last three weeks
Economists anticipate that India’s forex reserves, which provides a cushion against any external risks, may fall further to about $565 billion by the end of FY23 as the Asian economy would use its capital account to finance current account deficits which is projected to widen to over 3% of GDP in FY23.