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Last updated: 26 Feb, 2023  

Dollar.Investment.9.Thmb.jpg Forex reserves slide to $561 billion

Dollar.Investment.9.jpg
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IANS | 26 Feb, 2023
India's forex reserves fell by $5.681 billion to $561.267 billion for the week ended February 17, according to RBI data released on Friday.

This is the third week in a row when forex reserves have shown a dip.

Last week, they had fallen by $8.319 billion to $566.948 billion.

In October 2021, the country's forex reserves had reached an all-time high of $645 billion.

The reserves have been declining as the central bank has been using them to bolster the rupee amid global headwinds.
 
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