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India’s foreign-exchange reserves fell by $2.69 billion to about $717.06 billion in the week ended October 30, marking a second consecutive weekly decline. The decline from September’s record reflects lower foreign-currency assets and gold reserves, valuation changes and RBI intervention, while the article notes that a prolonged fall could raise import costs and inflation risks.
If reserve drawdowns continue as the RBI supports the rupee, India may have less capacity to cushion currency pressure; rupee weakness could make imported feed ingredients more expensive. The reported level remains substantial, so the decline does not by itself indicate an immediate supply shock.
jagranjosh.comAishwarya SamantNov 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.
