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flag India’s forex reserves fell $1.877B to $686.2B in week ended Nov. 28, second straight weekly drop.

flag India’s foreign exchange reserves dropped by $1.877 billion to $686.227 billion in the week ended November 28, marking the second consecutive weekly decline, following a steeper drop of $4.472 billion the prior week. flag The decrease was primarily driven by a $3.569 billion fall in foreign currency assets, while gold reserves rose by $1.613 billion and Special Drawing Rights and IMF reserve positions also increased slightly. flag The overall change reflects valuation adjustments and central bank management of holdings, with no specific causes detailed in the report.

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