India's foreign exchange reserves fell by $2.166 billion to $584.742 billion for the week ending October 6, according to the Reserve Bank of India (RBI). The drop in reserves was primarily due to a decrease in foreign currency assets and gold reserves. The country's forex kitty had reached a record high of $645 billion in October 2021, but has been declining as the central bank uses the reserves to defend the rupee against global pressures.
from Economy-News-Economic Times https://ift.tt/WxwX6gy
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