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India's foreign exchange reserves fall by $1.02 billion, yet central bank sees resilience in economy.
India's foreign exchange reserves have declined by $1.02 billion to $697.93 billion, with foreign currency assets and gold reserves also decreasing.
Despite these drops, the reserves still cover 11 months of imports and 96% of external debt.
The RBI Governor, Sanjay Malhotra, remains confident in the country's external sector resilience.
Additionally, the RBI is increasing transparency by showcasing its gold reserves in a new documentary series.
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Las reservas de divisas de la India caen en $1.02 mil millones, pero el banco central ve resiliencia en la economía.