Explained: Why has the forex kitty dipped $44.73 billion in 8 months? - The Indian Express

Were capital outflows by foreign portfolio investors to blame? If the rupee slides further, will the RBI be forced to intervene?

Eight months after hitting a record high of $642.45 billion in September 2021, Indias foreign exchange reserves have now fallen below the $600 billion mark amid capital outflows and strengthening dol… [+2877 chars]

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