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Wednesday, August 24, 2011

India’s Foreign Reserves fell $621mn to $316.6 bn: report

The report stated that Foreign-currency assets declined $652 mn to $283.7 bn

Reserve Bank of India has reportedlysaid that India’s foreign-exchange reserves fell $621 mn to $316.6 bn in the week ended August 12.

The report stated that Foreign-currency assets declined $652 mn to $283.7 bn, while the nation’s gold reserves were unchanged at $253bn.

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