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India's forex reserves fell for a seventh straight week to $719.748 billion for the week ended October 23, driven mainly by a $2.65 billion drop in gold holdings. Foreign-currency assets rose $1.36 billion, and the rupee closed at 94.74 on November 3.
Falling reserves reduce the RBI's capacity to defend the rupee against oil-driven pressure, which can keep Indian import demand for dollar-priced commodities firm.
abclive.inSandeep DeshpandeNov 4, 2026Not 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.
