India’s forex reserves fall to 3 month low of $560.94 billion

New Delhi, March 3 : Indias forex reserves fell to a three-month low of $560.94 billion during the week ending February 24.

According to RBIs weekly forex data released on Friday, this was the fourth straight week when the countrys foreign exchange reserves fell.The reserves fell by $330 million during the period under review.

The RBI normally intervenes to prevent fluctuations in rupees exchange rate against the dollar in the spot and forwards markets.ans/vd #Indias #Delhi #Delhi #New Delhi .