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The Times of India
The Times of India
Business
Agencies

Near 2-year low: Forex reserves fall for 7th straight week to $545.65 billion

Reserve Bank of India India Mumbai

MUMBAI: India's foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to September 16, its lowest level since October 2, 2020, Reserve Bank of India's weekly statistical supplement showed on Friday.

The reserves, which have been dipping as the central bank deploys the kitty to defend the rupee amid a pressure caused majorly by global developments, had declined by $2.23 billion to $550.87 billion in the previous week.

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