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Economic Notes |
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Forex reserves fall $371 mn: Foreign exchange reserves fell by $371 million, to touch $312.5 billion for the week ended May 2, according to the Reserve Bank of India’s Weekly Statistical Supplement. This is the second time in a row that foreign exchange reserves have fallen. This fall is mainly on account of a fall in the value of gold reserves, which are part of the total foreign exchange reserves.
In the previous week, the reserves had fallen by $663 million to touch $312.871 billion.
In th ...
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