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India's reserves dip $2.8 billion
The Business Guardian
|January 29, 2024
India’s foreign exchange reserves experienced a decline of USD 2.795 billion, reaching USD 616.143 billion in the week ending January 19, 2023, as per the latest data from the Reserve Bank of India (RBI).
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The dip in foreign exchange reserves primarily resulted from a decrease of USD 2.653 billion in foreign currency assets (FCA), the largest component of the reserves, which stood at USD 545.855 billion during the week. Additionally, gold reserves witnessed a marginal decline of USD 34 million, settling at USD 47.212 billion.
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