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India’s forex reserves dip to $366.77 billion

After reaching a life-time high, India’s foreign exchange reserves marginally declined by $392.6 million to $366.77 billion in the week to August 26 on account of fall in foreign currency assets, RBI said. Last week, the reserves had increased by a healthy $1.346 billion to touch a record high of $367.169 billion. FCAs, a major component of the overall reserves, Read More