Forex check: India’s reserves dip by $1.24 billion to $691.49 billion in May-end; RBI says buffer still strong – Times of India
India’s foreign exchange reserves slipped by $1.24 billion to $691.49 billion in the week ending May 30, according to data released by the Reserve Bank of India on Friday. Despite the decline, the central bank said the reserve buffer remains robust. “At $691.5 billion, the reserves are sufficient to cover 11 months of imports and…