Business StandardCenter·
India's foreign exchange reserves drop by $2.69 billion to $717 billion
India's forex reserves dropped by USD 2.691 billion to USD 717.056 billion during the week ended October 30, the RBI said on Friday. In the previous week, the forex kitty had reduced by USD 1.269 billion to USD 719.748 billion. The reserves had touched an all-time high of USD 785.706 billion during the week ended September 4, driven by a heavy flow of currency as part of a special concessional swap for deposits from the diaspora through which banks raised a record USD 133 billion, but have been…
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