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India's foreign exchange reserves have seen a significant drop. In the week ending March 27, reserves fell by over $10 billion. This decline brings the total reserves to $688.058 billion. The Reserve Bank of India is…
India's foreign exchange reserves have seen a significant drop. In the week ending March 27, reserves fell by over $10 billion. This decline brings the total reserves to $688.058 billion. The Reserve Bank of India is reportedly using its dollar reserves to manage the local currency's volatility. This trend of depletion began after the West Asia war started.
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