RBI burns $110 billion to arrest rupee's slump forex reserves dwindle to over two-year low Oct 7, 2022, 07:00PM IST.However Governor Shaktikanta Das said last week that 57% of the dip in reserves was due to valuation changes. The central bank does not provide reasons behind forex reserves movement. This means, reserves got depleted by an unprecedented $110 billion from $642.453 billion seen on September 3 last year. The forex reserves stood at $532.664 billion at the end of the reporting week, RBI's data showed. India's foreign exchange reserves fall by another $4.9 billion Oct 7, 2022, 07:53PM IST.It lost more than half a percentage point to close at 82.33, the unit's lowest ever closing level, Bloomberg data compiled by ETIG showed. The rupee plunged to a new lifetime low of 82.43 a dollar Friday. Rupee falls to lifetime low, bond yields climb Oct 8, 2022, 09:39AM IST.RBI Governor Shaktikanta Das said last week that 57% of the dip in reserves was due to valuation changes. Forex reserves dip $4.9 billion to $532.66 billion Oct 8, 2022, 11:10AM IST.The foreign exchange reserves had fallen to their lowest level since July 2020 to $532.66 billion for the week ending Sep 30. The spot forex reserves are however sharply down from $607 billion in end-March and depleted by $109.58 billion from $642.45 billion seen on September 3 last year. India's foreign exchange reserves snap nine weeks of downtrend Oct 14, 2022, 05:51PM IST.
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