India's forex reserves rise $12.8 billion to 6-week high of $572.8 billion

India's foreign exchange reserves rose $12.8 billion to $572.8 billion as on March 17, 2023, Reserve Bank of India (RBI) data showed on Friday. The rupee depreciated by 24 paise to close at 82.44 (provisional) against the US dollar on Friday weighed down by the strength of the American currency and massive selling in the domestic equity market.

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