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Data▼ Bearish for Indian equities
India's forex reserves fall $14.89 billion to $766 billion
The brief
- Forex reserves fell $14.89 billion to $766 billion in the week ended September 18
- Foreign currency assets declined $14.816 billion to $630.980 billion
- A reserve decline can add pressure to the rupee, affecting import-dependent Indian companies
- 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
- India's forex reserves fall $14.89 billion to $766 billion