India’s Forex Reserves Decrease by $1.183 Billion

Imagine India has a big piggy bank filled with money it can use from other countries.

This piggy bank is called forex reserves.

Recently, the amount of money in the piggy bank went down a little bit.

The main part of the money, which is like the paper money from other countries, also went down a bit.

But, some of the money, like the gold coins in the piggy bank, went up a little.

Also, some special money from the IMF (like a global bank) went down, too.