India's foreign exchange reserves continue to decline

Mumbai (Maharashtra) [India], December 20 (ANI): India's foreign exchange (forex) reserves continue to decline. In the week that ended December 13, the foreign exchange kitty declined by USD 1.988 billion to USD 652.869 billion, data from the Reserve Bank of India (RBI) showed Friday.

India's forex reserves have slumped ten out of the past 11 weeks, hitting a new multi-month low.

The reserves had been falling ever since i