Fall in global currency highest in 20 years: Here’s what it means for Indian economy

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India forex reserves fall to near two-year low

India’s foreign exchange reserves fell for a seventh straight week, dropping to $545.652 billion in the week to Sept 16, its lowest level since Oct. 2, 2020, Reserve Bank of India’s weekly statistical supplement showed on Friday. Reserves stood at $550.871 billion at the end of the previous week. Though the fall in reserves is … Read more