Tag: global developments

MUMBAI: India's forex reserves dropped by $ 7.273 billion to $ 594.888 billion for the week ended August 18, the Reserve Bank said on Friday.In the previous reporting week, the overall reserves had risen by $ 708 million to $ 602.161 billion.The country's forex kitty had reached an all-time high of $ 645 billion in October 2021. The reserves took a hit as the central bank deployed the kitty to defend the rupee amid pressures caused majorly by global developments since last year.For the week ended August 18,...