India's forex reserves decline for third consecutive month, 12th slump in past 13 weeks

India’s foreign exchange reserves have declined for the third consecutive month, marking a 12th slump in the past 13 weeks. The decline in reserves is attributed to several factors, including global market fluctuations, rising imports, and a strong US dollar. Despite these challenges, India’s foreign exchange reserves remain sufficient to cover several months of import bills. The continued decline highlights the pressure on the Indian economy amid global uncertainties, prompting calls for more sustainable economic strategies and fiscal discipline.