India's foreign exchange reserves drop by $2.163 billion amid investor sell-off
- Posted on October 25, 2024
- By Business News Today
- 2 Views
India's foreign exchange reserves drop by $2.163 billion amid investor sell-off
India's forex reserves fell by $2.163 billion to $688.267 billion in the week ending October 18 due to a significant sell-off by foreign institutional investors in local equities. This marked the third consecutive weekly decline, totaling a loss of $16.618 billion from the record high.
