India Has $690 Billion in Forex Reserves. So Why is the Rupee Still Falling?

1 week ago

On 1 May 2026, the Reserve Bank of India (RBI) held $690.7 billion in foreign exchange reserves. Of this, foreign currency assets (FCAs) like the US …

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India Has $690 Billion in Forex Reserves. So Why is the Rupee Still Falling?

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