$60 billion in 6 weeks: RBI's rupee defence comes at a cost
Economic Times 7 hrs ago·17 Oct 2026, 4:56 am
Reserve Bank of India has been actively selling dollars from its foreign‑exchange reserves to prop up the rupee, wiping out roughly $60 billion over the past six weeks. The latest weekly data showed an $8.58 billion dip, pulling total reserves down to about $726 billion from $785.7 billion a month earlier.
For investors, a shrinking reserve cushion means the RBI may have less room to intervene if the rupee faces further pressure. This could translate into higher currency volatility, affect the cost of imports and exports, and influence earnings of companies with significant foreign‑currency exposure.
Watch for any new RBI intervention signals, trends in reserve levels and the rupee’s movement against the dollar. Statements from the finance ministry and shifts in global risk sentiment will also be key indicators of future currency dynamics.
Key takeaways
- Category: Forex.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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