India's forex reserves fall $5 billion to $721.02 billion
India's forex reserves fell by $5 billion. The total stood at $721.02 billion as of October 16.
ContextForex reserves are foreign currencies, gold and other assets held by a central bank, used to manage the rupee and cover imports. The Reserve Bank of India publishes this figure weekly, so movements are closely tracked by economists and traders.
Read at The Economic Times
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