Forex Reserves Decrease by $1.5 Billion to $575.27 Billion Due to Depletion of Currency Assets

  • Foreign exchange reserves decreased by $1.5 billion to $575.27 billion due to depletion of currency assets.
  • RBI sold dollars in order to protect the rupee in light of the Adani crisis.
  • Analysts suggest this as the reason for the decrease in Forex reserves.