India FX reserves fall for fourth straight week
India foreign exchange reserves fell for a fourth consecutive week to 734.6 billion dollars. The drop reflects central bank interventions as the rupee weakens.
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India's foreign exchange reserves fell $50B to $734.6B over four weeks ending on an October morning. The decline marks a sharp reversal from a peak of $785.71B recorded on September 4. The drop underscores mounting capital pressures on emerging-market central banks defending their currencies against external headwinds.
