Indian Prime Minister Narendra Modi announced that 500 and 1,000 rupee banknotes would be withdrawn from circulation to crack down on rampant corruption and counterfeit currency.

India's forex reserves down $29 billion from peak, falls for sixth straight week to hit 3-month low of $675.6 billion ...

MUMBAI: The pressure on the rupee continued to extract a toll on the forex reserves for the sixth consecutive week ending ...