Rupee flat before Fed Chair Powell's speech, could drop to 83/USD Feb 7, 2023, 10:24AM IST."Over the next three months, you could start seeing some support for the rupee come back again and the reason for that could be the Fed finally signals that it is going to pause," said Sakshi Gupta, principal India economist at HDFC Bank. Rupee seen struggling to rise much in coming months: Poll Feb 7, 2023, 10:47AM IST.In the previous week, the one ended January 27, reserves stood at $576.76 billion. This is the biggest drop since October 21, with reserves taking a 1.5% hit this time. India's forex reserves drop by $1.5 billion to $575.3 billion as on February 3 Feb 10, 2023, 05:33PM IST.The Reserve Bank of India has cautioned the public not to undertake forex transactions on unauthorised electronic trading platforms or remit/deposit money for such unauthorised transactions RBI issues alert list of entities not authorized to deal in forex trade Feb 10, 2023, 06:12PM IST.
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