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India's foreign exchange reserves fell for a fourth consecutive week to $734.6 billion, down about $50 billion from a September 4 peak due to RBI dollar sales to smooth the rupee's decline and FX swaps to absorb liquidity.
India's foreign exchange reserves have fallen for four consecutive weeks, reaching $734.6 billion. This represents a decrease of approximately $50 billion from their recent peak of $785.71 billion recorded on September 4.