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India's forex reserves slumped to the lowest in over two years, marking the third straight week of decline as the RBI intervened to keep the rupee from weakening past 80 per dollar. ....
India's foreign exchange reserves slumped by over $2 billion in the week ending August 12, as the Reserve Bank of India intervened to shore up the rupee and keep the currency below 80 per dollar. ....
India's foreign exchange reserves have nosedived since the rupee started to hit new all-time lows in March, days after Russia invaded Ukraine, which resulted in massive capital outflows from emerging markets assets as investors sought safe-haven assets. ....