News Sources wrote an interesting post today on
Here’s a quick excerpt

News Nation

India's forex reserves goes below $350 billion againEconomic TimesDealers in the forex market said that RBI was seen intervening in the market since the local currency came under intense pressure following China's decision to devalue yuan. Foreign currency assets, which accounts for 93 per cent of reserves, fell $2.6 …Forex reserves shrink by $2.88 billion Hindu Business LineForex reserves fall by $2.89 bn due to intervention for correcting volatility … Business StandardIndia's forex reserves fall by $ 2.889 billion to $ 349.031 billion NetIndianall 9 news articles »

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