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India's forex reserves drop by $2.69 bn to $717 bn

Summary by The Hindu
Experts attribute this decline to the deployment of the Foreign Currency Non-Resident Bank (FCNR[B]) resources and also to currency defence put up by RBI through dollar sales

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India's foreign exchange reserves fell by $2.6 billion to $717 billion in the week ended October 30. According to RBI data, it had reached a record high of $785.7 billion in September.

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The Hindu broke the news in Chennai, India on Friday, November 6, 2026.
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