Forex reserves record biggest weekly drop as RBI moves to support rupee

The Times of India - 22 November 2024

Forex reserves record biggest weekly drop as RBI moves to support rupee

At $17.8 billion, the reserves fell the most in the week ended November 15, eclipsing the $15 billion retreat in the week of October 24, 2008, when the subprime sinkhole had swallowed global financial assets - and emerging market currencies - in the immediate…

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