India FX Reserves, USD: $702.57B (September 15) vs previous $702.97B

Australian Dollar (AUD) could test the major support at 0.6500; a sustained drop below this level appears unlikely. In the longer run, the price action continues to suggest AUD weakness, likely toward 0.6500, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.