India's foreign reserves see a dip after three weeks of gain. (Image: Pixabay) Show Quick Read Summary is AI Generated. Newsroom Reviewed

India's foreign exchange reserves fell to $702.57 billion for the week ended Sept. 19, according to data from the Reserve Bank of India on Friday.

The country's forex kitty dipped by $0.4 billion over the previous reporting week. In the previous reporting week, the reserves had risen to $702.97 billion.

The Indian rupee hit a new record low against the US dollar, falling by 41 paise to trade at 88.73 on Tuesday. This reflects continued pressure on the currency amid global and domestic economic factors. Global risk-aversion and trade policy uncertainty has also exacerbated the rupee’s depreciation, analysts said.

For the week ended Sept. 19, fore

See Full Page