Decoding the Fluctuations in India’s Forex Reserves Understanding the Yo-Yo Behavior and Factors Impacting the Rupee India’s foreign exchange (forex) reserves witnessed fluctuations in recent months. On July 14th, the reserves stood at an impressive $609 billion, but on October 20th, they hit a recent low of $583.5 billion. However, the reserves then slightly rebounded to $597.9 billion by November 24th. This article aims to analyze the reasons behind this yo-yo-like behavior and examine […]
