India FX reserves fall for fourth straight week to $734.6 billion
In short
India’s foreign exchange reserves fell for the fourth week in a row to $734.6 billion. That is about $50 billion below the September 4 peak of $785.71 billion.
The RBI was said to be selling dollars and using FX swaps to support the rupee. The exact size of the intervention and how long the pressure lasts is not stated.
What the reporting says
India’s foreign exchange reserves fell for the fourth consecutive week to $734.6 billion, down from a recent peak of $785.71 billion on September 4. The reported decline of about $50 billion in less than a month was linked to RBI dollar sales and FX swaps to ease rupee pressure and absorb liquidity. The immediate effect is more focus on the rupee, but the full scale of intervention is not stated.
Why it matters
India’s foreign exchange reserves dropped to $734.6 billion after four straight weekly declines, according to publisher summaries. The fall from the September 4 peak of $785.71 billion was tied to RBI dollar sales and sell/buy FX swaps, aimed at supporting the rupee and absorbing liquidity. The reporting also points to oil prices, US Treasury yields and foreign equity outflows as pressures, but the exact intervention amount is not stated.