India's Forex Reserves Drop

India's forex reserves declined for the second consecutive week, reaching a two-month low of $616.10 billion as of February, 16th, 2024.

India's forex reserves decrease by $1.13 billion, marking a two-month low.
RBI intervenes to stabilize the rupee amidst foreign exchange market volatility.
Fluctuations in foreign currency assets reflect RBI interventions and global asset value changes.
Reserves encompass India's position in the IMF and foreign currencies.
Rupee remains stable against the dollar, closing the week at 82.9375, with minimal change.