India foreign exchange reserves record largest weekly drop since November 2024
Headline by Prism · from 1 report
India's foreign exchange reserves declined by $14.9 billion to $765.9 billion in the latest weekly report.
1 of 32 monitored outlets · 1 report · Malayalam · checked
MathrubhumiThe brief
Written by software from the 1 report below.
- India's foreign exchange reserves fell by $14.9 billion to reach $765.9 billion.
- The decline is the largest weekly drop recorded since November 2024.
- The Reserve Bank of India sold $10.9 billion directly in the market to stabilize the value of the rupee.
- Factors including rising global crude oil prices and increased US Treasury yields have created economic pressure.
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1 outlet
Indian-language1
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NamedIndia
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