India's forex reserves just experienced their steepest weekly decline in over a year. What's driving it? The Reserve Bank of India has been actively selling dollars to prop up the rupee amid mounting depreciation pressure. When central banks start burning through reserves like this, it signals serious currency instability. For the broader crypto market, this matters—emerging market currency weakness often drives institutional interest toward alternative assets. The 14-month low in reserve depletion reflects intensifying capital outflow concerns and rupee volatility that's become hard to ignore.