India's Forex Reserves Fall $8.6 Billion To $726 Billion As RBI Defends Rupee

India's foreign exchange reserves dropped $8.6 billion to $726 billion during the week ended Oct 9, marking their fifth consecutive weekly decline as the Reserve Bank of India (RBI) intervened to stabilise the rupee. The latest fall took the cumulative decline over five weeks to approximately $59.7 billion. Forex reserves had reached a record $785.71 billion on Sept 4, supported by foreign…

freepressjournal.in ·2h ago

India's Forex Reserves Fall $8.6 Billion To $726 Billion As RBI Defends Rupee

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