Forex reserves plunge by $20.32 bn

The country's foreign exchange reserves plunged by $20.324 billion to $294.34 billion year-on-year in the week to November 2, reflecting the steep fall in the rupee and the market intervention carried out by the central bank during the period.

On a weekly basis, reserves fell by $ 950.3 million to $294.34 billion for the week ended November 2, according to data from the Reserve Bank of India. Foreign currency assets, were down by $1.005 billion to $259.459 billion.

Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on indianexpress.com are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, indianexpress.com reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.