Forex reserves slip by $1.98 b – Hindu Business Line

Filed Under (Forex technical) by on 13-03-2009

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Forex reserves slip by $1.98 b
Hindu Business Line, India
The RBI has been selling dollars to help support the falling rupee in the forex markets, thus depleting the reserves, said a dealer with a private bank. Foreign currency assets decreased by $1.98 billion to $236.727 billion.
India's forex reserves dip by $1.98 bn Business Standard
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