The Hindu Business Line

Forex reserves down $887 million

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Led by an $873-million fall in foreign currency assets, India’s foreign exchange reserves declined $887.2 million to $362.987 billion in the week ended December 9, the Reserve Bank said on Friday. In the previous week, the reserves had fallen $1.431 billion to $363.874 billion. They had touched a life-time high of $371.99 billion in the week to September 30, 2016.

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