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India’s Forex Reserves Dip To $634.5 Billion, A 10-Month Low, As Rupee Reaches A New Low Of 86.04 Against The US dollar

India’s foreign exchange reserves are facing significant pressure, dropping to a 10-month low of $634.5 billion as of January 3. The Reserve Bank of India (RBI) reported a decline of $5.7 billion for the week, continuing a worrying trend after the reserves had fallen by over $17 billion in the...