India's forex reserves see sharpest weekly drop on record, hit over four-month low

By Yahoo! Finance   |   1 year ago
India's forex reserves see sharpest weekly drop on record, hit over four-month low

India's foreign exchange reserves fell by $17.8 billion to a more-than-four-month low due to the dollar's strength post U.S. election. The RBI intervened to limit the rupee's decline, with reserves down $47 billion from the record high in September.

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