India Data Hub · Macro Data
India's FX reserves fall to $690.69bn in May from $698.49bn
Reserves decline from prior week
The read
India's foreign exchange reserves fell to 690.69 billion in the week ended May 1, compared with 698.49 billion previously. The drop signals a reduction in the central bank's external buffer. No forecast was available. The decline narrows the cushion against external shocks.
Key numbers
- Actual: 690.69
- Previous: 698.49