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International financial turmoil impacts foreign reserves

International financial turmoil impacts foreign reserves

Mumbai:(IANS) India’s foreign exchange reserves tripped on Greece’s debt crisis and Chinese stock markets crash and plunged by over $700 million for the week ended July 3. Analysts attributed the fall in reserves to an appreciating dollar vis-a-vis other international ...

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RBI a Net Buyer of Dollar in May Too

RBI a Net Buyer of Dollar in May Too

Mumbai: The Reserve Bank was the net purchaser of US dollar for the second time this fiscal after it net bought $2.57 billion from the spot market in May. The central bank bought $6.01 billion from the market and sold ...

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