 "foreign inflows")
India's foreign exchange reserves dropping to a two-year low is concerning for the economy as the pace of foreign inflows into the country's markets eases amid global monetary policy tightening, economists said on Monday.
India's FX reserves declined to $553.1 billion in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 billion from the previous week, Reserve Bank of India (RBI) data showed on Friday.
It was the biggest drawdown in reserves since early July, which analysts attributed to the central bank proactively intervening in currency markets to help the rupee after it
India's FX reserves declined to $553.1 billion in the week ended Sept. 2, their lowest since Oct. 2020 and down by $8 billion from the previous week, Reserve Bank of India (RBI) data showed on Friday.
It was the biggest drawdown in reserves since early July, which analysts attributed to the central bank proactively intervening in currency markets to help the rupee after it
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