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India's forex reserves fell by $5.681 billion to $561.267 billion for the week ended February 17, according to RBI data released on Friday.
This is the third week in a row when forex reserves have shown a dip. Last week, they had fallen by $8.319 billion to $566.948 billion. In October 2021, the country's forex reserves had reached an all-time high of $645 billion. The reserves have been declining as the central bank has been using them to bolster the rupee amid global headwinds. --IANS ans/vd ( 99 Words) 2023-02-24-23:16:01 (IANS)
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