India's forex reserves decline by $18.34 billion
pre-market1 source ↓machine-written, see hownot a recommendation
- foreign-exchange reserves dropped
- $18.34 billion
- for the week
- $757.46 billion
- the week ending
- 25 September 2023
- weakened by approximately
- 50 paise
India's foreign-exchange reserves dropped $18.34 billion to $757.46 billion for the week ending 25 September 2023. This decline is attributed to rupee-defence operations and valuation effects, as the rupee weakened by approximately 50 paise.
The decrease in reserves signals potential central bank interventions and reflects the ongoing challenges in managing currency volatility amidst fluctuating foreign flows and global market conditions.
Not investment advice. For informational purposes only.