India's Forex Reserves Plunge $18.34 Billion to $757.46 Billion

India's Forex Reserves Plunge $18.34 Billion to $757.46 Billion

India's foreign exchange reserves fell by $18.34 billion to $757.46 billion in the week ended September 25, driven by a $15.57 billion drop in foreign currency assets as the RBI intervened to stem rupee pressure. The rupee breached 96 per dollar amid high crude prices and US yields. Gold reserves also declined.

Source: Moneycontrol

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