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Forex reserves fall by USD 325 million to USD 560.9 billion

The reserves have been falling as the RBI deploys the reserves to defend the rupee.

Published: 04th March 2023 08:45 AM  |   Last Updated: 04th March 2023 08:45 AM   |  A+A A-

Forex reserves

Representative image (File Photo | PTI)

By Express News Service

MUMBAI: Country’s forex reserves have declined by $325 million to $560.942 billion for the week ending February 24, according to data released by the Reserve Bank on Friday.

This is the fourth consecutive week of a drop in the reserves after the $5.68 billion decrease in the previous reporting week to $561.267 billion. In October 2021, forex kitty reached an all-time high of $645 billion. The reserves have been falling as the RBI deploys the reserves to defend the rupee.

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