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flag India's foreign exchange reserves fell by $9.32 billion, weakening the rupee amid US trade tensions.

flag India's foreign exchange reserves dropped sharply by $9.32 billion to $688.87 billion in the week ending August 1, with the rupee also weakening against the US dollar. flag The decline in reserves stems from reduced foreign currency and gold assets. flag Trade tensions with the US, including new tariffs, have contributed to the rupee's depreciation and daily interventions by the Reserve Bank of India to stabilize the currency.

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