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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

India’s forex reserves drop by $1.22 bln

Posted on 10 October 2011

India’s foreign exchange (forex) reserves dropped by $1.22 billion at $311.48 billion for the week ended September 30, registering a sharp decline for the second straight week largely due to revaluation of non-dollar assets, official data showed.
The forex reserves had slumped by $4.05 billion during the week ended September 23. The reserves have declined for the third time in the last four weeks under review……………………………………….Full Article: Source


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