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    Forex watch: Reserves fall $4.38 bn to $690.72 bn, FCA and gold drag holdings

    4 hours ago

    India's foreign exchange reserves decreased by $4.386 billion, reaching $690.72 billion in the week ending August 22, according to the RBI. This decline was primarily driven by a fall in foreign currency assets and gold reserves. Despite this, India's economy demonstrated strong growth, expanding by 7.8% in April-June, making it the fastest-growing major economy.
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