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India’s Forex Reserves fall more than two-year low to $532.66 bn, says RBI data

New Delhi: In the week ending on September 30, India’s foreign exchange reserves decreased to $532.66 billion, the lowest level since July 2020, according to the Reserve Bank of India’s (RBI) weekly statistics supplement. Also Read: Rates of petrol, diesel released; Check prices in your city HERE---Advertisement--- The nation’s reserves decreased for the eighth week in […]

dollar vs rupee

New Delhi: In the week ending on September 30, India’s foreign exchange reserves decreased to $532.66 billion, the lowest level since July 2020, according to the Reserve Bank of India’s (RBI) weekly statistics supplement.

Also Read: Rates of petrol, diesel released; Check prices in your city HERE

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The nation’s reserves decreased for the eighth week in a row. At the end of the prior week, which ended on September 23, they were $537.52 billion.

Also Read: India emerges as the world’s largest producer of sugar and 2nd largest exporter of sugar

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After declining for four consecutive weeks, the rupee broke through the crucial 82 per dollar mark on Friday. Traders noted that the RBI had probably periodically intervened throughout that time to slow the currency’s decline.

Read More :- Latest Business News

HISTORY

Written By

Vikas Kumar

Updated By

Manish Shukla

Updated By

Manish Shukla


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