India's forex reserves fall to $652.87 billion, down $1.98 billion as of Dec 13
India's foreign exchange reserves decreased by $1.98 billion to $652.87 billion as of December 13. Despite this recent dip, India's reserves have previously surpassed $700 billion, securing its position as the fourth largest globally. The Reserve Bank of India actively manages liquidity and intervenes in the market to mitigate rupee depreciation and maintain stable market conditions.