India's forex reserves dip by $9.64 billion, the biggest drop in 2 years - Economic Times

The Indian rupee plunged to a record low of 77.02 against a US dollar on March 7. According to the market analysts, the RBI intervened in the currency markets by selling dollars. The central bank is estimated to have sold $1 billion a day during the week to p…

India's foreign exchange (forex) reserves declined by $9.646 billion to $622.275 billion in the week ended March 11, the sharpest decline in nearly two years, as the Reserve Bank of India (RBI) heavi… [+1748 chars]

full article...