India's forex reserves fall $2.69 billion to $717 billion: Why RBI is selling dollars and what it means for the rupee

India's forex reserves fell $2.69 billion to $717.06 billion in the week ended 30 October. RBI dollar sales, FCNR(B) fund deployment and changes in asset valuations are contributing to the decline. Here's what it means for the rupee and consumers.

Why this matters

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What to watch

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Disclaimer

This is general information for awareness only, not legal, tax or investment advice. For guidance on your specific situation, speak to a qualified professional.