💨 Abstract
India's foreign exchange reserves decreased by USD 5.693 billion to USD 634.585 billion in the week ended January 3, according to the Reserve Bank of India. The decline is attributed to revaluation and forex market interventions aimed at reducing volatility in the rupee. Foreign currency assets, a major component of the reserves, dropped by USD 6.441 billion.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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