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Analysts say the Reserve Bank of India's 2013 approach to rebuilding foreign exchange reserves is unlikely to work this time. India's reserves have fallen about $110 billion from a September 2021 peak of $642 billion, largely due to currency valuation losses.
Analysts also cite the central bank's own dollar sales as a significant factor.
Lower reserves constrain the RBI's ability to defend the rupee, which keeps the currency under pressure and raises India's dollar import costs. Weak rebuilding prospects suggest persistent currency risk.
reuters.comSwati BhatOct 18, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
