Forex reserves declined by $5 billion

Forex reserves declined by $5 billion Submitted by Harish Dhawan on Sun, 11/23/2008 - 06:26. Forex Update Indian Economy Bad News Featured TNM Selling of dollars by the Reserve Bank of India (RBI) has contributed to decline the Forex reserve of country. Forex reserve is continuously under pressure after the bankruptcy of the US investment bank Lehman Brothers and other major financial institutions of world. It is declined by $5 billion in the week ended November 14 to $246.35 billion. It is
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