Forex Reserves At Two Year Low

India's foreign exchange reserves fell to $560 billion mark in the week ending September 2. In August month, the reserves witnessed a sharp decline as RBI leaned toward taming rupee depreciation against the US dollar. In the latest week, reserves dived lowest in more than 23 months. All components of forex reserves contracted during the week under review with foreign currency assets (FCA) weighing the most on the performance.

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