RBI may need to reload reserves as Indian rupee falls further: HDFC Bank economist Abheek Barua

The Indian currency has weakened 9.5% so far this year, with the central bank defending the rupee via dollar sales that have depleted its forex reserves to $545 billion from the peak of $642 billion a year ago.

RBI may need to reload reserves as Indian rupee falls further: HDFC Bank economist Abheek Barua
The Indian currency has weakened 9.5% so far this year, with the central bank defending the rupee via dollar sales that have depleted its forex reserves to $545 billion from the peak of $642 billion a year ago.