India's foreign exchange reserves fall by $50 billion since September peak

India's foreign exchange reserves have declined by approximately $50 billion from their peak in September 2022. The drop has been attributed to foreign fund outflows and the Reserve Bank of India's interventions in the currency market. The central bank has utilized reserves to curb volatility and support the rupee amid global pressures. This reduction brings the reserves down from record highs but they remain at a substantial level, as reported by the Economic Times.