Forex reserves drop by USD 2.17 billion to USD 584.74 billion
India's forex reserves have decreased by USD 2.166 billion to USD 584.742 billion for the week ended October 6, according to the Reserve Bank of India (RBI). This follows a drop of USD 3.794 billion in the previous week. The decrease in reserves is due to the central bank using the funds to defend the rupee against global pressures.
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