According to data released by the Bank of India on Friday, as of October 11, India's foreign exchange reserves declined for the second week in a row, falling to a one-month low of US$690.43 billion. Foreign exchange reserves fell by US$10.75 billion during the reporting week, the biggest drop since April 1, 2022. And last week, foreign exchange reserves fell by 3.7 billion US dollars. Changes in foreign exchange assets are caused by the Bank of India's intervention in the foreign exchange market and changes in the value of foreign exchange assets in foreign exchange reserves. Traders said it is significant that the Indian rupee fell below 84 against the US dollar because this is a key psychological support level that the Bank of India has defended for more than two months.

According to data released by the Bank of India on Friday, as of October 11, India's foreign exchange reserves declined for the second week in a row, falling to a one-month low of US$690.43 billion. Foreign exchange reserves fell by US$10.75 billion during the reporting week, the biggest drop since April 1, 2022. And last week, foreign exchange reserves fell by 3.7 billion US dollars. Changes in foreign exchange assets are caused by the Bank of India's intervention in the foreign exchange market and changes in the value of foreign exchange assets in foreign exchange reserves. Traders said it is significant that the Indian rupee fell below 84 against the US dollar because this is a key psychological support level that the Bank of India has defended for more than two months.