India's forex reserves fall $2.69 billion to $717.05 billion

India's forex reserves fall $2.69 billion to $717.05 billion

India's foreign exchange reserves fell by $2.691 billion to $717.056 billion in the week ended October 30, extending a decline for a second straight week, RBI data showed. Reserves have eased from a record $785.706 billion in early September, with experts citing FCNR(B) deployment and RBI dollar sales to defend the rupee.

Source: Moneycontrol

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