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Fall $8.5 Billion: India's Forex Reserves Drop Again

India's foreign exchange reserves declined by $8.58 billion to $726.03 billion in the week ending Oct 9, as per the latest data. This follows a $12.95 billion drop in the previous week. Reserves have fallen by $59.68 billion recently, amid pressure on rupee. RBI interventions to curb excessive currency volatility may also contribute to reserve fluctuations.