India’s forex reserves fall $11.68 billion to $716.81 billion, biggest drop in over a year
Analysis of this story by et_economy · 13 Mar 2026, 6:29 PM IST (about 2 months ago)
AI Analysis
Declining forex reserves and RBI intervention signal rupee weakness, which can impact inflation, import costs, and FII sentiment.
Trading Insight
Bearish for the rupee; potentially negative for import-dependent sectors and overall market sentiment.
Quick check: ICICIBANK bearish bias (oversold).
Key Evidence
- •India’s forex reserves fell $11.68 billion to $716.81 billion.
- •This is the biggest drop in over a year.
- •The decline is attributed to RBI's dollar sales to defend the rupee.
- •Increased yields in the U.S. are highlighted as a factor.
- •Risk flag: Further rupee depreciation
Sectors:banking
Sources and updates
Original source: et_economy
Published: 13 Mar 2026, 6:29 PM IST
Last updated on Anadi News: 13 Mar 2026, 7:20 PM IST
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