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Data▼ Bearish for Indian equities
Forex reserves drop $14.9 billion to $766 billion, sharpest weekly fall since November 2024
The brief
- Reserves fell $14.9 billion in the week ended September 18
- Foreign currency assets dropped $14.8 billion; an economist attributed $10.9 billion to dollar sales
- Reserve drawdown and dollar sales may pressure the rupee, affecting import-dependent sectors and banks
- NRI deposit inflows surge nearly sevenfold to $36.2 billion in April-July FY27
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
- Rupee gains from FCNR (B) boost reverse in September amid higher crude oil prices: RBI bulletin
- Economy resilient with downside risks from West Asia conflict: RBI bulletin
- RBI says resilient domestic economy cushions India against rising global risks
India’s sharp weekly forex reserve decline
India’s foreign exchange reserves fell about $14.88 billion to $765.90 billion in the week ended September 18. Foreign currency assets declined $14.8 billion, with an economist attributing $10.9 billion to actual dollar sales.
Monday, 28 September
Friday, 25 September
- Forex reserves drop $14.9 billion to $766 billion, sharpest weekly fall since November 2024