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Forex reserves decline

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RBI Grade BNABARD ESISEBI
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Forex reserves decline
Credit: ET CFO

India’s foreign exchange reserves dropped by $3.235 billion to $654.857 billion, a five-month low, for the week ended December 6, data released by the Reserve Bank of India (RBI) revealed.

Highlights:

  • The reserve bank of India data shows that the foreign exchange reserves have fallen by five months to $654.857 billion.
  • Rupee reaches a new low of ₹ 84.88 per dollar on Thursday, but closes at 84.87.
  • In the week gone by, reserves increased by $1.51 billion to $658.091 billion.

What is Foreign Exchange Rese

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