New Delhi, Feb 18 (IANS): India's foreign exchange reserves fell by $8.3 billion to $566.95 billion in the week ended February 10 -- its biggest weekly fall in 11 months.
According to data released by RBI on Friday, the reserves are at their lowest level since January 6, 2023.
The fall for the second straight week was mainly due to a decline in the foreign currency assets, which dropped $7.1 billion to $500.59 billion.
In the week ended February 10, the rupee lost 0.8 per cent to close at 82.51 per dollar as US jobs data sparked worries of the Federal Reserve raising interest rates for longer than was earlier anticipated.
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Deshbhakt, Mangalore
Sat, Feb 18 2023If you keep US $ Rate @ 1:80 Rupees, this only will happen no ? Why didn't Modi appoont NK Kateel as Finance Minister ? Hde would have made 1Rupee : 15 US $. Take my advice, win 2024 and appoint him as FM. Please take him away from here
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Rolf, Dubai
Sat, Feb 18 2023Hum Dho Hamara Dho lootilaya pura ecnomy by fooling bakth in the name of religion.
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Sameer, Riyadh
Sat, Feb 18 2023BJ party is the panvati in India's growth story. In 2007 during Manmohan Singhs tenure as PM, USD to INR clocked 39.04. Now with 56" as PM it is 82.7. Full vikas of dollar. In next 4-5 months forecasted to reach 84 or 85. NRIs hold your horses.
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