Team FrankBanker

How Forex Reserves have come a full circle in a year

From $598 Bn in May 21, Forex Reserves grew steadily, reaching a peak of $642Bn in Oct21. Rising crude, inflation and Fed indicating hawkish views and rate increases in the subsequent months brought Rupee under pressure and RBI interventions.

Reserves came down to $597Bn in May22, although still healthy by any standards.

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