RBI Utilizes Forex Reserves to Manage Rupee Volatility, Says Union Bank Report Mumbai, December 5: The Reserve Bank of India (RBI) is actively employing its foreign exchange (forex) reserves to curb currency volatility amid persistent dollar outflows, according to a report by Union Bank of India. India’s forex reserves have declined significantly from their peak … Continue reading India’s Forex Reserves Decline Amid Rupee Pressure