India's foreign exchange reserves extended their losing streak for a sixth straight week and stood at a 10-month low of $625.87 billion as of Jan. 10, data from the Reserve Bank of India showed on Friday.

India added around USD 58 billion to its foreign exchange reserves, contrasting with a cumulative decline of USD 71 billion in 2022.

India’s foreign exchange reserves continue to decline, extending their slump for over three months now. India’s forex reserves have slumped thirteen out of the past fourteen weeks, hitting about a 10-month low.

India's foreign exchange reserves have been on a declining trend for six consecutive weeks, standing at a 10-month low of $625.87 billion as of Jan. 10, according to data from the Reserve Bank of India (NS:BOI) (RBI).

India's forex reserves dropped by USD 8.714 billion to USD 625.871 billion in the week ended January 10, the RBI said on Friday. Earlier, the overall kitty dropped by USD 5.693 billion to USD 634.585 billion in the week ended January 3,