scorecardresearchIndia's forex reserves at new over 2-year low as rupee weakens; why does the rupee fluctuate against the dollar?

India's forex reserves at new over 2-year low as rupee weakens; why does the rupee fluctuate against the dollar?

Updated: 29 Oct 2022, 09:48 AM IST
TL;DR.
According to RBI's latest data, India's foreign currency assets, which are the biggest component of the forex reserves, declined by USD 3.59 billion to USD 465.075 billion.
A man counts US dollars in a money exchange shop in Dhaka on July 28, 2022. (Photo by Munir uz zaman / AFP)

A man counts US dollars in a money exchange shop in Dhaka on July 28, 2022. (Photo by Munir uz zaman / AFP)