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India’s foreign exchange reserves fell by $2.69 billion to $717.06 billion in the week ended October 30, their second consecutive weekly decline. The decrease reflects a combination of RBI currency-market intervention, deployment of FCNR(B) funds and changes in the valuation of reserve assets; reserves remain above their end-March level.
RBI dollar sales can help cushion rupee weakness, though continued intervention draws down reserves. The reported decline alone does not establish a deterioration in India’s external position or imply a clear direction for the rupee.
livemint.comKirti JhaNov 8, 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.
