RBI reports 7.8% GDP growth, forex reserves down $14.9 billion
after close1 source ↓written by the desknot a recommendation
- in Q1 FY27
- 7.8% GDP growth
- reserves fell
- $14.9 billion
India's economy recorded 7.8% GDP growth in Q1 FY27, according to the RBI's September Bulletin. However, foreign exchange reserves fell by $14.9 billion, marking the steepest decline in nearly two years, amid rising oil prices and foreign investor withdrawals. This highlights increasing geopolitical and inflation risks affecting market stability.
Not investment advice. For informational purposes only.