India’s Forex Reserves Drop by $3.709 Billion: Understanding the Impacts on the Economy

India’s Forex Reserves Drop by $3.709 Billion: Understanding the Impacts on the Economy

Summary of the Article India’s forex reserves fell by $3.709 billion in the week ending on October 4, 2024, according to the Reserve Bank of India (RBI). The reserves now stand at $701.176 billion, marking a significant drop in a short span. This decline could have a ripple effect on the Indian economy, influencing everything…