Hindustan Times ST (Mumbai) - Live

INDIA’S FOREX RESERVES DROP TO ITS LOWEST SINCE JULY 2020

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MUMBAI: India’s foreign exchange reserves fell to $524.52 billion in the week through October 21 to remain at their lowest since July 2020, the Reserve Bank of India’s weekly statistica­l supplement showed on Friday. The rupee ended 0.25% higher at 82.47 per dollar this week, ending a run of six straight weeks of declines. The country’s reserves were $528.37 billion at the end of the previous week that ended October 14. In October 2021, the country’s forex kitty had reached an alltime high of $645 billion.

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