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Market Impact: 0.48

India Forex Reserves Fall Most in Two Years on Rupee Support

Source: Bloomberg

Currency & FXBanking & LiquidityEnergy Markets & PricesEmerging Markets

India's foreign-exchange reserves recorded their steepest decline in nearly two years as the central bank intervened to support the rupee. Surging oil prices are increasing pressure on India's external balance and currency, potentially constraining the Reserve Bank of India's ability to sustain intervention if the trend persists.

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