<p>India's foreign exchange reserves snapped a two-week fall and stood at $562.85 billion in the week through December 30, the Reserve Bank of India's statistical supplement showed on Friday.</p>.<p>For the week ended December 23, the country's reserves were at $562.81 billion.</p>.<p>In 2022, the reserves declined by $70.76 billion from $633.61 billion at the end of the previous year.</p>.<p>The central bank has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation. The central bank, in the past, has said that changes in reserves also stem from valuation gains or losses.</p>.<p>The rupee was largely flat in the week to December 30 and traded in a narrow range. In 2022, the rupee declined more than 11 per cent to log its worst yearly performance since 2013. </p>
<p>India's foreign exchange reserves snapped a two-week fall and stood at $562.85 billion in the week through December 30, the Reserve Bank of India's statistical supplement showed on Friday.</p>.<p>For the week ended December 23, the country's reserves were at $562.81 billion.</p>.<p>In 2022, the reserves declined by $70.76 billion from $633.61 billion at the end of the previous year.</p>.<p>The central bank has been intervening in the spot and forwards market to protect the rupee and prevent a rapid depreciation. The central bank, in the past, has said that changes in reserves also stem from valuation gains or losses.</p>.<p>The rupee was largely flat in the week to December 30 and traded in a narrow range. In 2022, the rupee declined more than 11 per cent to log its worst yearly performance since 2013. </p>