Forex reserves decline by USD 2.36 billion to USD 583.53 billion
Friday, 27 October 2023 India's forex reserves declined by $2.36 billion to $583.53 billion during the week ended October 20, according to the Reserve Bank of India data. In the previous reporting week, the overall reserves had increased by $1.153 billion to $585.895 billion. In October 2021, the country's forex kitty reached an all-time high of $645 billion. The reserves took a hit as the central bank deployed the reserves to defend the rupee amid pressures caused majorly by global developments since last year.
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India's forex reserves have decreased by USD 2.166 billion to USD 584.742 billion for the week ended October 6, according to the Reserve Bank of India (RBI).... IndiaTimes
Friday, 27 October 2023
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