Report
India's Forex Reserves Decline Over $60 Billion in Recent Weeks
India's reserves fell to about $719.75 billion by October 23; a commentator says valuation changes also affect the total.
TLDR
One commentator puts India's reserves at roughly $785.71 billion in early September and $719.75 billion in the week ended October 23. They describe an RBI dollar-supply window for public-sector oil companies intended to ease pressure on the regular spot market, but caution that rerouting demand does not eliminate it. Valuation changes in gold and other assets also affect the headline reserve figure.
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