RBI uses major share of forex reserves to defend rupee, Reuters reports

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17.10.2026

RBI uses major share of forex reserves to defend rupee, Reuters reports — RBI spends half its $140 billion reserves

The Reserve Bank of India (RBI) has spent half of its $140 billion foreign exchange reserves to prevent the rupee from falling to 100 per dollar, according to a Reuters report.

Pushpendra Singh, a crypto educator and blockchain enthusiast, highlighted this intervention and raised the question of whether RBI will ultimately succeed in supporting the rupee against the dollar.

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Pushpendra Singh has recently commented on other major financial events. He previously pointed out that Netflix is planning about 1,000 layoffs, marking its largest staff reduction since 2022, according to one report. Singh has also noted that missing the ten best days in a decade can typically lead to poor investment returns, as detailed in another article.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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