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Forex reserves Fall down $360.9 million to $362.78 billion, Market Updates

Forex reserves Fall down $360.9 million to $362.78 billion, Market Updates

India’s foreign exchange reserves dropped by USD 360.9 million – USD 362.785 billion in the week to 10 February due to reduce in foreign currency assets (FCAs), a key component, In the last week, the reserves had increased by USD 1.588 billion to USD 363.146 billion.

A major component of the overall reserves, FCAs reduced by USD 347.1 million to USD 339.778 billion in the reporting week.

Expressed in US dollar terms, they include the effects of appreciation/depreciation of non-US currencies, such as the euro, pound and the yen held in the reserves.

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