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The Times of India
The Times of India
Business
TIMESOFINDIA.COM

India's forex reserves post biggest weekly decline in over 11 months

India Reserve Bank of India Mumbai

MUMBAI:India's foreign exchange reserves experienced their largest decline in over 11 months, likely due to dollar sales by the Reserve Bank of India to stabilize the rupee.

This was exacerbated by equity outflows, which were further compounded by the recent turmoil in Adani group companies.

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