India's FX reserves fall for fourth week, down $50 billion from September peak

India's foreign exchange reserves have fallen for the fourth consecutive week to $734.6 billion, a decline from their recent peak of $785.71 billion on September 4. This drop is largely due to the Reserve Bank of India's efforts to support the rupee's value in the face of rising pressures, including elevated oil prices and increasing US Treasury yields. The rupee's depreciation is also being exacerbated by foreign equity outflows. The decline in reserves is a significant concern for India's economy.

Why it matters

India's foreign exchange reserves have fallen for the fourth consecutive week. This decline reduces the country's ability to defend its currency and maintain economic stability.

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