India’s forex reserves fall $2.69 billion to $717 billion: Why RBI is selling dollars and what it means for the rupee
India's forex reserves fell $2.69 billion to $717.06 billion in the week ended 30 October. RBI dollar sales, FCNR(B) fund deployment and changes in asset valuations are contributing…
Attributed summary
India's forex reserves fell $2.69 billion to $717.06 billion in the week ended 30 October. RBI dollar sales, FCNR(B) fund deployment and changes in asset valuations are contributing to the decline. Here's what it means for the rupee and consumers.
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