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India's foreign exchange reserves hit an 11-month low, dropping by $1.8 billion last week.
India's foreign exchange reserves fell by $1.8 billion to $639 billion in the week ending February 28, marking an 11-month low and the fourth consecutive month of decline.
The Reserve Bank of India (RBI) is intervening to stabilize the Indian Rupee, which is near its all-time low against the US dollar.
Despite the drop, the reserves are still sufficient to cover about 10-11 months of projected imports.
2 months ago
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