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.
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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.
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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.
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