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Forex reserves: India’s holdings fall $5.6 billion; gold and dollar assets decline sharply

6 months ago

India's foreign exchange reserves saw a significant dip of $5.623 billion, now standing at $689.733 billion, primarily due to a drop in foreign currency assets and gold holdings. Despite this decline, reserves remain robust, covering over 11 months of merchandise imports, assuring the RBI of India's ability to meet external obligations.
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