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Decoding the fall and rise of India’s forex reserves
On 14 July, India’s foreign exchange (forex) reserves stood at $609 billion. On 20 October, it hit a recent low of $583.5 billion before rising again slightly to $597.9 billion on 24 November. What explains this yo-yo-like behavior? Mint examines the ups and downs of the rupee:
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By Mint - HT SmartcastOn 14 July, India’s foreign exchange (forex) reserves stood at $609 billion. On 20 October, it hit a recent low of $583.5 billion before rising again slightly to $597.9 billion on 24 November. What explains this yo-yo-like behavior? Mint examines the ups and downs of the rupee:
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