India's Forex Reserves Fall $12.95 Billion to $734.60 Billion in Week Ended October 2

India's Forex Reserves Fall by $12.95 Billion to $734.61 Billion in Week Ended Oct 2: RBI

Get latest articles and stories on Business at LatestLY. India's foreign exchange reserves fell sharply by USD 12.95 billion to USD 734.61 billion in the week ended October 2, primarily due to a decline in foreign currency assets and gold reserves, according to data released by the Reserve Bank of India (RBI) on Friday. Business News | India's Forex Reserves Fall by $12.95 Billion to $734.61 Billion in Week Ended Oct 2: RBI.

India's forex reserves fall $12.95 billion to $734.60 billion in week ended October 2

India's foreign exchange reserves have dropped by $12.95 billion to $734.60 billion as of October 2. This decline was influenced by a reduction in foreign currency assets and gold reserves. The previous week, reserves had already decreased by $18.34 billion, falling to $747.56 billion. The Reserve Bank of India reported these figures in its recent data release. Fluctuations in reserves are a significant aspect of India's economic landscape.

India's forex reserves fall for fourth week, down $50 bn from Sept peak at $734 bn

The ‌drawdown reflects the RBI’s dollar sales in the spot market to ‌smooth the rupee’s ​decline, alongside sell/buy FX swaps aimed at ⁠absorbing surplus liquidity

India's FX reserves fall for fourth week, down $50 billion from September peak

India's foreign exchange reserves have fallen for the fourth consecutive week to $734.6 billion. This decline follows a recent peak of $785.71 billion on September 4. The Reserve Bank of India has intervened in the market to support the rupee's value amid rising pressures. Elevated oil prices, increasing US Treasury yields, and foreign equity outflows are contributing to the rupee's depreciation. On Wednesday, the rupee declined nearly 0.

India's Forex Reserves Fall $51.1 Billion In Four Weeks, Biggest Drop Since 1998

India's foreign exchange reserves fell to $734.6 billion by October 2 as RBI dollar sales, rising oil prices and foreign investment outflows put pressure on the rupee.

India’s forex reserves dips almost $13 bn; both foreign currency assets and gold fell

Kolkata: India’s foreign exchange reserves have declined for the second week on the trot. According to data released by the RBI on Friday, the country’s foreign exchange reserves fell by $12.952 billion to $734.606 billion in the week ended October 2. Previously, reserves had declined by $18.343 billion in the week ended September 25, falling to $747.557 billion. Amidst this continued decline in foreign exchange reserves, foreign currency assets…