Budget 2023: Forex Reserves On The Decline

India's Foreign Exchange Reserves averaged ₹271.8 billion between 1998 and 2023, reaching an all time high of $642.4 billion in September 2021, and a record low of $290.5 billion in September of 1998. This fiscal, as of Dec 2022, forex reserves have declined sharply to $562.8 billion.