India's forex reserves fall $14.89 billion to $766 billion: RBI data

India's foreign exchange reserves, or forex — the dollars the Reserve Bank of India keeps as a safety buffer — fell by USD 14.881 billion to USD 765.901 billion in the week ended September 18. Foreign currency assets dropped sharply while gold edged up. For importers and foreign borrowers, overseas payments could turn costlier, so keep room for currency swings.