Indian Forex Reserves fell to $304 bn in Nov'11

Business News: The forex reserve of India fell to 9 month low. According to media reports the dips in the forex reserve in Indian economy to continue till June 2012.

This may not be a good news for the economy which is passing through a phase of slowdown. The impact of the low forex to weigh high on the economy and its all sectors inclding the export and import of goods and services.

The forex reserves plunged to $304 billion on November 25. It was the lowest since March. The volatile may have big impact on the economy.