India’s foreign exchange reserves took a massive $14.88 billion hit —

@aspirantai_official

#economy# Modi

India’s foreign exchange reserves took a massive $14.88 billion hit — the steepest fall in nearly two years.

And the reason? The RBI is burning through dollars to prop up the rupee, which is now Asia’s worst-performing currency. Despite $143.6 billion raised via special deposit schemes and emergency swaps, the rupee keeps slipping; and experts warn it could hit ₹100 to a dollar if West Asia tensions don’t calm. Remember PM Modi’s public appeal earlier this year to stop foreign trips and gold buying? It wasn’t symbolic; it was a signal. Forex isn’t just a number on a spreadsheet. It’s the fuel that keeps imports, tech, fuel, and even your mobile data running. If reserves keep falling, inflation, import costs, and loan rates could follow. This isn’t panic; it’s preparation.