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Data● Neutral for Indian equities
Forex reserves fall $18.34 billion; reports differ on level
The brief
- Reserves fell $18.34 billion in the week ended September 25
- Economic Times reported $747.56 billion; Moneycontrol reported $757.46 billion
- A weaker reserve position may pressure the rupee, affecting import-heavy Indian companies
- India RBI's FX forward book tipped to shrink after touching $200 billion
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI
- India's forex reserves fall $14.89 billion to $766 billion
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
- Economy resilient with downside risks from West Asia conflict: RBI bulletin