Forex kitty shrinks $9.6bn as RBI sold dollars to offset FPI exit

The country’s foreign exchange reserves fell by $9.6 billion to $622.3 billion in the week ended March 11, according to the data released by the RBI on Friday. In the week ended March 4, the reserves rose $394 million to $631.9 billion. Currently reserves are nearly $20 billion below their all-time high of $642 billion. https://ift.tt/nhHbs57