India’s forex reserves hit a new low: For the week ending October 14, India’s foreign exchange reserves (Forex Reserves) further declined to a level not seen in more than two years as the country’s central bank, Reserve Bank of India (RBI) continued to defend the rupee’s decline while disregarding the serious threat posed by dwindling foreign … Continue reading India’s forex reserves hit a new low, RBI forced to spend $118 billion to defend INR